SteelPeak Wealth LLC Buys 11,952 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

SteelPeak Wealth LLC boosted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 541.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,160 shares of the data storage provider's stock after buying an additional 11,952 shares during the period. SteelPeak Wealth LLC's holdings in Seagate Technology were worth $1,561,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in STX. Quarry LP purchased a new position in shares of Seagate Technology in the second quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Seagate Technology by 2,407.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider's stock worth $36,000 after purchasing an additional 337 shares during the period. Family Firm Inc. purchased a new stake in Seagate Technology in the second quarter worth $41,000. Larson Financial Group LLC grew its stake in shares of Seagate Technology by 15,766.7% in the second quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider's stock worth $49,000 after acquiring an additional 473 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Seagate Technology in the third quarter worth $55,000. Institutional investors own 92.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Rosenblatt Securities increased their target price on Seagate Technology from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a "neutral" rating and issued a $125.00 target price on shares of Seagate Technology in a research note on Wednesday, October 23rd. Northland Securities increased their target price on Seagate Technology from $142.00 to $144.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Susquehanna increased their target price on Seagate Technology from $55.00 to $65.00 and gave the stock a "negative" rating in a research note on Wednesday, July 24th. Finally, UBS Group upped their price target on Seagate Technology from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus target price of $118.83.

Seagate Technology Trading Up 0.6 %

STX stock traded up $0.58 during trading on Thursday, reaching $100.37. The stock had a trading volume of 2,708,513 shares, compared to its average volume of 2,519,900. Seagate Technology Holdings plc has a 52 week low of $66.93 and a 52 week high of $115.32. The stock's 50 day moving average is $104.97 and its two-hundred day moving average is $100.03. The firm has a market cap of $21.08 billion, a PE ratio of -77.81 and a beta of 1.04.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company earned ($0.34) earnings per share. The business's revenue for the quarter was up 49.1% compared to the same quarter last year. On average, research analysts anticipate that Seagate Technology Holdings plc will post 7.35 EPS for the current year.

Seagate Technology Increases Dividend

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

Insider Transactions at Seagate Technology

In other news, SVP John Christopher Morris sold 1,131 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $111.90, for a total value of $126,558.90. Following the transaction, the senior vice president now owns 7,191 shares of the company's stock, valued at $804,672.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP John Christopher Morris sold 1,131 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $111.90, for a total transaction of $126,558.90. Following the completion of the sale, the senior vice president now owns 7,191 shares in the company, valued at approximately $804,672.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 654,270 shares of the company's stock, valued at $61,148,074.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,398 shares of company stock valued at $23,238,106 over the last quarter. 0.89% of the stock is currently owned by company insiders.

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.