Seagate Technology Holdings plc (NASDAQ:STX) Receives $120.17 Consensus Target Price from Brokerages

Seagate Technology Holdings plc (NASDAQ:STX - Get Free Report) has been given an average rating of "Moderate Buy" by the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $118.78.

A number of research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Mizuho decreased their price target on shares of Seagate Technology from $115.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Citigroup dropped their price objective on shares of Seagate Technology from $115.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday. UBS Group boosted their price target on Seagate Technology from $95.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Barclays lifted their target price on Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the completion of the sale, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by corporate insiders.

Remove Ads

Institutional Trading of Seagate Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Berkshire Bank lifted its holdings in Seagate Technology by 2.6% in the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock worth $355,000 after acquiring an additional 103 shares during the last quarter. MWA Asset Management increased its position in shares of Seagate Technology by 0.5% during the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock valued at $1,695,000 after purchasing an additional 104 shares during the period. Johnson Financial Group Inc. raised its position in Seagate Technology by 22.7% in the fourth quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider's stock worth $52,000 after acquiring an additional 112 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after purchasing an additional 113 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Seagate Technology by 2.3% in the fourth quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider's stock valued at $431,000 after buying an additional 113 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Trading Up 0.2 %

Shares of NASDAQ STX traded up $0.12 during mid-day trading on Friday, reaching $72.12. The company had a trading volume of 1,547,211 shares, compared to its average volume of 2,767,765. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $115.32. The stock has a market cap of $15.27 billion, a P/E ratio of 13.18 and a beta of 1.21. The firm has a 50 day simple moving average of $88.24 and a two-hundred day simple moving average of $95.34.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology's dividend payout ratio is presently 52.65%.

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.