Dumont & Blake Investment Advisors LLC decreased its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 50.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,951 shares of the data storage provider's stock after selling 6,987 shares during the quarter. Dumont & Blake Investment Advisors LLC's holdings in Seagate Technology were worth $761,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in Seagate Technology by 7.1% in the first quarter. Park Avenue Securities LLC now owns 5,590 shares of the data storage provider's stock valued at $520,000 after acquiring an additional 371 shares during the period. Sunbelt Securities Inc. lifted its holdings in Seagate Technology by 269.1% in the first quarter. Sunbelt Securities Inc. now owns 753 shares of the data storage provider's stock valued at $70,000 after acquiring an additional 549 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Seagate Technology by 20.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,105 shares of the data storage provider's stock valued at $1,219,000 after acquiring an additional 2,217 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Seagate Technology by 40.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 11,708 shares of the data storage provider's stock valued at $1,089,000 after acquiring an additional 3,386 shares during the period. Finally, Vicus Capital acquired a new position in Seagate Technology in the first quarter valued at approximately $254,000. Institutional investors and hedge funds own 92.87% of the company's stock.
Insider Activity
In other news, CFO Gianluca Romano sold 25,760 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $94.54, for a total value of $2,435,350.40. Following the transaction, the chief financial officer now owns 52,620 shares of the company's stock, valued at $4,974,694.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Gianluca Romano sold 25,760 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $94.54, for a total value of $2,435,350.40. Following the transaction, the chief financial officer now owns 52,620 shares of the company's stock, valued at $4,974,694.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company's 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 transaction, the chief executive officer now directly owns 654,270 shares in the company, valued at approximately $61,148,074.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,398 shares of company stock valued at $23,238,106 in the last quarter. Insiders own 0.89% of the company's stock.
Seagate Technology Trading Down 0.9 %
NASDAQ:STX traded down $0.97 during trading hours on Friday, hitting $103.01. The company had a trading volume of 2,485,728 shares, compared to its average volume of 2,518,582. The company has a 50-day moving average of $105.16 and a 200 day moving average of $99.68. The company has a market cap of $21.63 billion, a P/E ratio of -79.85 and a beta of 1.04. Seagate Technology Holdings plc has a 1 year low of $64.12 and a 1 year high of $115.32.
Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.28. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.13 billion. Seagate Technology had a negative return on equity of 30.18% and a net margin of 11.34%. The firm's quarterly revenue was up 49.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.34) EPS. On average, analysts forecast that Seagate Technology Holdings plc will post 7.09 earnings per share for the current year.
Seagate Technology Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Sunday, December 15th will be issued a $0.72 dividend. This is a boost from Seagate Technology's previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, December 13th. Seagate Technology's dividend payout ratio is presently -217.05%.
Wall Street Analyst Weigh In
STX has been the subject of a number of analyst reports. StockNews.com raised Seagate Technology from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $125.00 target price on shares of Seagate Technology in a research note on Wednesday. The Goldman Sachs Group upped their target price on Seagate Technology from $96.00 to $107.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 24th. UBS Group upped their target price on Seagate Technology from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley upped their target price on Seagate Technology from $115.00 to $133.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $118.83.
Read Our Latest Analysis on Seagate Technology
Seagate Technology Company Profile
(
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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