DekaBank Deutsche Girozentrale Has $3.67 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

DekaBank Deutsche Girozentrale reduced its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 21.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,188 shares of the data storage provider's stock after selling 9,516 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Seagate Technology were worth $3,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Seagate Technology by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 24,753,076 shares of the data storage provider's stock valued at $2,303,274,000 after acquiring an additional 746,395 shares in the last quarter. Capital Research Global Investors raised its position in shares of Seagate Technology by 39.3% during the 4th quarter. Capital Research Global Investors now owns 16,614,884 shares of the data storage provider's stock valued at $1,418,413,000 after acquiring an additional 4,685,454 shares in the last quarter. Sanders Capital LLC raised its position in shares of Seagate Technology by 3.0% during the 4th quarter. Sanders Capital LLC now owns 15,486,153 shares of the data storage provider's stock valued at $1,322,053,000 after acquiring an additional 443,768 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Seagate Technology by 14.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,656,828 shares of the data storage provider's stock valued at $247,218,000 after acquiring an additional 337,464 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Seagate Technology during the 4th quarter valued at approximately $188,834,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 10,117 shares of Seagate Technology stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total value of $1,112,870.00. Following the transaction, the executive vice president now owns 5,387 shares of the company's stock, valued at approximately $592,570. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Ban Seng Teh sold 10,117 shares of Seagate Technology stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total value of $1,112,870.00. Following the transaction, the executive vice president now owns 5,387 shares of the company's stock, valued at approximately $592,570. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total value of $72,075.00. Following the completion of the transaction, the director now directly owns 3,034 shares in the company, valued at approximately $291,567.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,627 shares of company stock valued at $5,489,495. 0.89% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on STX shares. TD Cowen upped their price target on Seagate Technology from $110.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Robert W. Baird raised their target price on Seagate Technology from $100.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. Bank of America reiterated a "buy" rating and issued a $110.00 target price on shares of Seagate Technology in a research note on Wednesday, June 5th. Morgan Stanley raised their target price on Seagate Technology from $115.00 to $133.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Finally, Cantor Fitzgerald raised their target price on Seagate Technology from $120.00 to $125.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $115.94.

Seagate Technology Trading Up 3.2 %

NASDAQ:STX traded up $3.19 during mid-day trading on Thursday, reaching $104.12. 1,506,822 shares of the stock were exchanged, compared to its average volume of 2,549,549. The business has a fifty day moving average price of $101.20 and a 200 day moving average price of $96.50. The firm has a market capitalization of $21.92 billion, a PE ratio of -80.71 and a beta of 1.03. Seagate Technology Holdings plc has a 1-year low of $63.32 and a 1-year high of $113.57.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.29. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. Seagate Technology's revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.29) earnings per share. On average, sell-side analysts forecast that Seagate Technology Holdings plc will post 6.72 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Monday, September 23rd. Seagate Technology's payout ratio is currently -217.05%.

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.