UBS Group AG boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX – Free Report) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495,150 shares of the data storage provider’s stock after acquiring an additional 113,886 shares during the quarter. UBS Group AG owned 0.24% of Seagate Technology worth $42,271,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in STX. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Seagate Technology during the fourth quarter worth about $26,000. CVA Family Office LLC bought a new stake in Seagate Technology during the fourth quarter worth about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Seagate Technology during the fourth quarter worth about $28,000. Parkside Financial Bank & Trust grew its stake in Seagate Technology by 85.4% during the third quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock worth $29,000 after buying an additional 205 shares during the last quarter. Finally, Northwest Financial Advisors bought a new stake in Seagate Technology during the fourth quarter worth about $31,000. Institutional investors own 92.87% of the company’s stock.
Seagate Technology Stock Performance
Shares of NASDAQ STX opened at $94.19 on Friday. The company’s 50 day simple moving average is $89.73 and its 200 day simple moving average is $86.07. Seagate Technology Holdings plc has a fifty-two week low of $57.06 and a fifty-two week high of $101.26.
Seagate Technology (NASDAQ:STX – Get Free Report) last posted its earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.43) earnings per share. On average, research analysts anticipate that Seagate Technology Holdings plc will post 0.4 EPS for the current year.
Seagate Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.80 annualized dividend and a yield of 2.97%. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.
Insiders Place Their Bets
In other Seagate Technology news, EVP Ban Seng Teh sold 9,703 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $95.00, for a total value of $921,785.00. Following the sale, the executive vice president now directly owns 15,185 shares in the company, valued at $1,442,575. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Ban Seng Teh sold 9,703 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $95.00, for a total transaction of $921,785.00. Following the completion of the sale, the executive vice president now owns 15,185 shares of the company’s stock, valued at $1,442,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Christopher Morris sold 11,158 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the sale, the senior vice president now directly owns 17,767 shares of the company’s stock, valued at approximately $1,599,030. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on STX shares. UBS Group upped their price objective on shares of Seagate Technology from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group upped their target price on shares of Seagate Technology from $84.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company upped their target price on shares of Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Evercore ISI started coverage on shares of Seagate Technology in a research report on Tuesday, February 27th. They set an “outperform” rating and a $110.00 target price on the stock. Finally, Mizuho reiterated a “buy” rating and set a $100.00 target price on shares of Seagate Technology in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $95.50.
Check Out Our Latest Analysis on Seagate Technology
About Seagate Technology
(Free Report)
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.
Read More
Receive News & Ratings for Seagate Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Seagate Technology and related companies with MarketBeat.com’s FREE daily email newsletter.