Ensign Peak Advisors Inc cut its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,087 shares of the data storage provider's stock after selling 11,630 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.07% of Seagate Technology worth $15,603,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its position in Seagate Technology by 68.7% in the 1st quarter. Bessemer Group Inc. now owns 17,564 shares of the data storage provider's stock valued at $1,634,000 after purchasing an additional 7,150 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Seagate Technology by 2.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 258,033 shares of the data storage provider's stock valued at $24,011,000 after buying an additional 6,044 shares during the last quarter. Chapin Davis Inc. boosted its position in shares of Seagate Technology by 210.8% during the first quarter. Chapin Davis Inc. now owns 29,152 shares of the data storage provider's stock worth $2,713,000 after buying an additional 19,773 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Seagate Technology by 1.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 136,111 shares of the data storage provider's stock worth $11,620,000 after buying an additional 1,419 shares in the last quarter. Finally, Sanders Capital LLC grew its holdings in Seagate Technology by 3.0% in the 4th quarter. Sanders Capital LLC now owns 15,486,153 shares of the data storage provider's stock worth $1,322,053,000 after buying an additional 443,768 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Seagate Technology
In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $93.46, for a total value of $1,869,200.00. Following the transaction, the chief executive officer now owns 654,270 shares in the company, valued at $61,148,074.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $93.46, for a total value of $1,869,200.00. Following the completion of the sale, the chief executive officer now owns 654,270 shares of the company's stock, valued at approximately $61,148,074.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 10,117 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total transaction of $1,112,870.00. Following the transaction, the executive vice president now directly owns 5,387 shares in the company, valued at $592,570. The disclosure for this sale can be found here. Insiders have sold 56,627 shares of company stock worth $5,489,495 over the last 90 days. 0.89% of the stock is currently owned by corporate insiders.
Seagate Technology Price Performance
Seagate Technology stock traded up $0.62 during midday trading on Tuesday, reaching $106.50. The stock had a trading volume of 1,068,623 shares, compared to its average volume of 2,551,709. Seagate Technology Holdings plc has a twelve month low of $63.32 and a twelve month high of $113.57. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of -81.83 and a beta of 1.03. The firm's fifty day simple moving average is $101.09 and its two-hundred day simple moving average is $96.63.
Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.29. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted ($0.29) earnings per share. Seagate Technology's revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, sell-side analysts predict that Seagate Technology Holdings plc will post 6.72 EPS for the current fiscal year.
Seagate Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be given a dividend of $0.70 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.63%. Seagate Technology's payout ratio is -217.05%.
Analyst Ratings Changes
A number of brokerages have issued reports on STX. Loop Capital boosted their price target on Seagate Technology from $105.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, August 23rd. Bank of America reissued a "buy" rating and set a $110.00 target price on shares of Seagate Technology in a research note on Wednesday, June 5th. Morgan Stanley upped their price target on shares of Seagate Technology from $115.00 to $133.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Finally, Citigroup raised their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the company a "buy" 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $115.94.
Check Out Our Latest Research Report on Seagate Technology
About Seagate Technology
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Free Report)
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.
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