Range Financial Group LLC Grows Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Range Financial Group LLC increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 266.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,048 shares of the data storage provider's stock after purchasing an additional 21,130 shares during the quarter. Seagate Technology accounts for 1.2% of Range Financial Group LLC's holdings, making the stock its 19th biggest holding. Range Financial Group LLC's holdings in Seagate Technology were worth $2,507,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of STX. Ashton Thomas Securities LLC purchased a new stake in shares of Seagate Technology in the third quarter worth approximately $26,000. Quarry LP bought a new position in shares of Seagate Technology in the second quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Seagate Technology by 2,407.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider's stock worth $36,000 after buying an additional 337 shares during the period. Advisors Asset Management Inc. lifted its holdings in Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock valued at $44,000 after buying an additional 258 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in Seagate Technology by 232.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider's stock valued at $46,000 after buying an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Insider Activity at Seagate Technology

In other news, SVP John Christopher Morris sold 1,131 shares of the company's stock in a transaction on 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 represents a 13.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the sale, the director now directly owns 6,555 shares of the company's stock, valued at $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,304 shares of company stock valued at $5,656,238. 0.81% of the stock is currently owned by insiders.

Seagate Technology Trading Up 0.5 %

NASDAQ:STX traded up $0.49 during trading hours on Tuesday, reaching $89.60. 2,379,089 shares of the company were exchanged, compared to its average volume of 2,319,372. The stock's 50-day moving average is $96.01 and its 200-day moving average is $100.94. Seagate Technology Holdings plc has a twelve month low of $79.39 and a twelve month high of $115.32. The firm has a market cap of $18.95 billion, a PE ratio of 23.39 and a beta of 1.06.

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. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. Seagate Technology's quarterly revenue was up 49.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.34) EPS. As a group, research analysts anticipate that Seagate Technology Holdings plc will post 7.18 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Sunday, December 15th were given a $0.72 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change 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 3.21%. Seagate Technology's dividend payout ratio is 75.20%.

Analysts Set New Price Targets

STX has been the subject of a number of recent research reports. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Wedbush reissued an "outperform" rating and issued a $150.00 price target on shares of Seagate Technology in a research report on Wednesday, October 23rd. Citigroup upped their price objective on Seagate Technology from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their target price on Seagate Technology from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $125.00 price target on shares of Seagate Technology in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of "Moderate Buy" and a consensus 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.