Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 31.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 268,108 shares of the data storage provider's stock after purchasing an additional 64,528 shares during the period. Los Angeles Capital Management LLC owned about 0.13% of Seagate Technology worth $29,366,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Quarry LP bought a new position in Seagate Technology during the 2nd quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Seagate Technology by 2,407.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider's stock worth $36,000 after acquiring an additional 337 shares in the last quarter. Family Firm Inc. bought a new position in Seagate Technology during the 2nd quarter worth about $41,000. JFS Wealth Advisors LLC grew its holdings in Seagate Technology by 232.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider's stock worth $46,000 after acquiring an additional 293 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Seagate Technology by 15,766.7% during the 2nd quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider's stock worth $49,000 after acquiring an additional 473 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Rosenblatt Securities increased their target price on shares of Seagate Technology from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on shares of Seagate Technology from $96.00 to $107.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. UBS Group increased their price target on shares of Seagate Technology from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. Robert W. Baird increased their price target on shares of Seagate Technology from $100.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, July 24th. Finally, Loop Capital increased their price target on shares of Seagate Technology from $105.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $118.83.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the transaction, the chief executive officer now owns 642,497 shares in the company, valued at $63,947,726.41. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Yolanda Lee Conyers sold 750 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $96.10, for a total value of $72,075.00. Following the sale, the director now directly owns 3,034 shares in the company, valued at approximately $291,567.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the completion of the sale, the chief executive officer now owns 642,497 shares in the company, valued at approximately $63,947,726.41. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 192,638 shares of company stock worth $20,924,155 in the last quarter. Company insiders own 0.81% of the company's stock.

Seagate Technology Trading Down 2.8 %

STX stock traded down $2.94 during midday trading on Monday, reaching $101.84. The stock had a trading volume of 1,633,377 shares, compared to its average volume of 2,497,754. The company's fifty day simple moving average is $105.06 and its 200 day simple moving average is $101.00. The company has a market cap of $21.54 billion, a price-to-earnings ratio of 26.59 and a beta of 1.05. Seagate Technology Holdings plc has a 52-week low of $71.67 and a 52-week high of $115.32.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.28. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted ($0.34) EPS. The firm's revenue for the quarter was up 49.1% on a year-over-year basis. Sell-side analysts predict that Seagate Technology Holdings plc will post 7.35 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, December 13th. This is a positive change from Seagate Technology's previous quarterly dividend of $0.70. Seagate Technology's payout ratio is currently 73.11%.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.