Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 36.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,188 shares of the data storage provider's stock after acquiring an additional 6,249 shares during the quarter. Quantinno Capital Management LP's holdings in Seagate Technology were worth $2,540,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in Seagate Technology by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider's stock worth $281,000 after purchasing an additional 89 shares during the period. CWM LLC lifted its holdings in shares of Seagate Technology by 3.0% in the 2nd quarter. CWM LLC now owns 3,307 shares of the data storage provider's stock worth $342,000 after purchasing an additional 97 shares during the last quarter. Affinity Capital Advisors LLC increased its position in Seagate Technology by 1.5% in the third quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider's stock worth $725,000 after buying an additional 100 shares during the period. Forum Financial Management LP lifted its stake in Seagate Technology by 4.0% in the second quarter. Forum Financial Management LP now owns 3,228 shares of the data storage provider's stock valued at $333,000 after buying an additional 125 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. boosted its holdings in shares of Seagate Technology by 2.5% during the second quarter. Pinnacle West Asset Management Inc. now owns 5,190 shares of the data storage provider's stock valued at $536,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the transaction, the director now directly owns 6,555 shares in the company, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 141,785 shares of the business'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 transaction, the chief executive officer now owns 668,616 shares of the company's stock, valued at approximately $73,668,110.88. This trade represents a 17.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,820 shares of company stock valued at $23,953,746 over the last three months. Corporate insiders own 0.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Rosenblatt Securities increased their price objective on Seagate Technology from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a "neutral" rating and set a $125.00 price objective on shares of Seagate Technology in a research note on Wednesday, October 23rd. Benchmark reaffirmed a "hold" rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. Citigroup raised their price objective on Seagate Technology from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Wedbush reiterated an "outperform" rating and set a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average price target of $118.83.

Seagate Technology Stock Performance

Shares of NASDAQ STX traded up $0.61 during midday trading on Wednesday, hitting $98.20. 1,631,220 shares of the company traded hands, compared to its average volume of 2,482,344. The stock has a 50-day moving average price of $103.23 and a 200 day moving average price of $102.19. The firm has a market cap of $20.77 billion, a P/E ratio of 25.50 and a beta of 1.03. Seagate Technology Holdings plc has a 12-month low of $79.39 and a 12-month high of $115.32.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.28. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.13 billion. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The business's revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) EPS. As a group, equities analysts expect that Seagate Technology Holdings plc will post 7.18 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm 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 dividend of $0.72 per share. This is a boost from Seagate Technology's previous quarterly dividend of $0.70. This represents a $2.88 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, December 13th. Seagate Technology's dividend payout ratio is currently 73.11%.

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.