International Assets Investment Management LLC Boosts Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

International Assets Investment Management LLC raised its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 3,549.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,493 shares of the data storage provider's stock after purchasing an additional 198,890 shares during the period. International Assets Investment Management LLC owned approximately 0.10% of Seagate Technology worth $22,398,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in Seagate Technology by 20.4% during 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 last quarter. First Trust Direct Indexing L.P. boosted its position in Seagate Technology by 6.1% during the first quarter. First Trust Direct Indexing L.P. now owns 5,894 shares of the data storage provider's stock valued at $548,000 after acquiring an additional 339 shares during the last quarter. HB Wealth Management LLC boosted its position in Seagate Technology by 18.0% during the first quarter. HB Wealth Management LLC now owns 2,799 shares of the data storage provider's stock valued at $260,000 after acquiring an additional 427 shares during the last quarter. Retirement Systems of Alabama boosted its position in Seagate Technology by 0.3% during the first quarter. Retirement Systems of Alabama now owns 43,005 shares of the data storage provider's stock valued at $4,002,000 after acquiring an additional 130 shares during the last quarter. Finally, Mission Wealth Management LP bought a new stake in Seagate Technology during the first quarter valued at $240,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP John Christopher Morris sold 1,131 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $111.90, for a total value of $126,558.90. Following the completion of the transaction, the senior vice president now directly owns 7,191 shares of the company's stock, valued at approximately $804,672.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP John Christopher Morris sold 1,131 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $111.90, for a total value of $126,558.90. Following the completion of the transaction, the senior vice president now directly owns 7,191 shares of the company's stock, valued at approximately $804,672.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 141,785 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $110.18, for a total transaction of $15,621,871.30. Following the completion of the transaction, the chief executive officer now directly owns 668,616 shares of the company's stock, valued at approximately $73,668,110.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,398 shares of company stock valued at $23,238,106 in the last three months. Company insiders own 0.89% of the company's stock.

Seagate Technology Stock Performance

NASDAQ:STX traded down $1.05 on Wednesday, hitting $100.28. The stock had a trading volume of 803,204 shares, compared to its average volume of 2,509,197. Seagate Technology Holdings plc has a 1 year low of $66.93 and a 1 year high of $115.32. The firm's fifty day simple moving average is $105.06 and its two-hundred day simple moving average is $100.04. The stock has a market cap of $21.06 billion, a P/E ratio of -78.55 and a beta of 1.04.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its earnings results 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 net margin of 11.34% and a negative return on equity of 32.19%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm earned ($0.34) EPS. The company's revenue was up 49.1% compared to the same quarter last year. Equities research analysts predict that Seagate Technology Holdings plc will post 7.35 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be given a dividend of $0.72 per share. This is an increase from Seagate Technology's previous quarterly dividend of $0.70. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, December 13th. Seagate Technology's dividend payout ratio is currently -223.26%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Susquehanna upped their price target on shares of Seagate Technology from $55.00 to $65.00 and gave the company a "negative" rating in a research report on Wednesday, July 24th. StockNews.com upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Evercore ISI upped their price objective on shares of Seagate Technology from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Wedbush reiterated an "outperform" rating and set a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, October 23rd. Finally, Northland Securities upped their price objective on shares of Seagate Technology from $142.00 to $144.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $118.83.

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.