Seagate Technology Holdings plc (NASDAQ:STX) is Duquesne Family Office LLC's 6th Largest Position

Duquesne Family Office LLC increased its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,755,278 shares of the data storage provider's stock after purchasing an additional 316,295 shares during the quarter. Seagate Technology accounts for 6.2% of Duquesne Family Office LLC's investment portfolio, making the stock its 6th biggest position. Duquesne Family Office LLC owned 0.84% of Seagate Technology worth $181,268,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Bessemer Group Inc. boosted its stake in shares of Seagate Technology by 68.7% during 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Seagate Technology by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 258,033 shares of the data storage provider's stock worth $24,011,000 after buying an additional 6,044 shares during the last quarter. Chapin Davis Inc. increased its position in Seagate Technology by 210.8% during the 1st quarter. Chapin Davis Inc. now owns 29,152 shares of the data storage provider's stock valued at $2,713,000 after buying an additional 19,773 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Seagate Technology by 1.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 136,111 shares of the data storage provider's stock worth $11,620,000 after acquiring an additional 1,419 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Seagate Technology by 13.7% in the 4th quarter. Allianz Asset Management GmbH now owns 951,775 shares of the data storage provider's stock worth $81,253,000 after purchasing an additional 114,826 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Up 2.8 %

NASDAQ STX traded up $3.00 during trading on Thursday, hitting $110.76. 2,634,725 shares of the stock traded hands, compared to its average volume of 2,550,688. Seagate Technology Holdings plc has a 12-month low of $63.88 and a 12-month high of $113.57. The firm has a 50-day simple moving average of $101.25 and a 200-day simple moving average of $96.90. The company has a market capitalization of $23.26 billion, a P/E ratio of -85.86 and a beta of 1.03.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its 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. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Seagate Technology had a net margin of 5.11% and a negative return on equity of 8.41%. Seagate Technology's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.29) earnings per share. As a group, research analysts predict that Seagate Technology Holdings plc will post 6.72 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be given a $0.70 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.80 annualized dividend and a yield of 2.53%. Seagate Technology's dividend payout ratio is currently -217.05%.

Insiders Place Their Bets

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total transaction of $72,075.00. Following the completion of the transaction, the director now owns 3,034 shares in the company, valued at $291,567.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $72,075.00. Following the completion of the sale, the director now directly owns 3,034 shares of the company's stock, valued at $291,567.40. The disclosure for this sale can be found here. Insiders have sold 56,627 shares of company stock valued at $5,489,495 over the last ninety days. 0.89% of the stock is owned by insiders.

Analyst Ratings Changes

STX has been the subject of a number of analyst reports. Northland Securities raised their price objective on shares of Seagate Technology from $119.00 to $142.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $96.00 to $107.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Cantor Fitzgerald increased their target price on Seagate Technology from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Mizuho increased their price target on shares of Seagate Technology from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, May 31st. Finally, Susquehanna upped their price target on Seagate Technology from $55.00 to $65.00 and gave the stock a "negative" rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $115.94.

Seagate Technology 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.