Rodgers Brothers Inc. reduced its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 0.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 124,846 shares of the data storage provider’s stock after selling 650 shares during the quarter. Seagate Technology accounts for 2.0% of Rodgers Brothers Inc.’s investment portfolio, making the stock its 10th largest position. Rodgers Brothers Inc. owned 0.05% of Seagate Technology worth $9,582,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC increased its stake in Seagate Technology by 65.0% during the 1st quarter. Global Retirement Partners LLC now owns 330 shares of the data storage provider’s stock worth $25,000 after buying an additional 130 shares during the period. Stonebridge Capital Advisors LLC purchased a new stake in Seagate Technology during the 1st quarter worth approximately $25,000. Capital Asset Advisory Services LLC purchased a new stake in Seagate Technology during the 4th quarter worth approximately $26,000. Pinnacle Bancorp Inc. purchased a new stake in Seagate Technology during the 1st quarter worth approximately $35,000. Finally, Harbor Investment Advisory LLC increased its stake in Seagate Technology by 132.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 479 shares of the data storage provider’s stock worth $37,000 after buying an additional 273 shares during the period. 86.21% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:STX traded up $0.29 during trading hours on Thursday, reaching $82.89. 50,455 shares of the company’s stock were exchanged, compared to its average volume of 1,674,407. Seagate Technology Holdings plc has a 1-year low of $43.53 and a 1-year high of $106.22. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 10.01 and a beta of 1.14. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of 10.12. The firm’s 50-day moving average is $91.68.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 6th. Stockholders of record on Wednesday, September 22nd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, September 21st. Seagate Technology’s dividend payout ratio (DPR) is presently 58.64%.
A number of equities research analysts have commented on the stock. Susquehanna Bancshares raised shares of Seagate Technology to a “neutral” rating in a research report on Friday, June 11th. Zacks Investment Research downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research report on Monday, April 19th. Barclays raised shares of Seagate Technology from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a research report on Wednesday, June 30th. Summit Insights downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their target price on shares of Seagate Technology from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, June 14th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.83.
In other news, Director Edward J. Zander sold 12,043 shares of the stock in a transaction dated Thursday, June 10th. The shares were sold at an average price of $97.58, for a total value of $1,175,155.94. Following the completion of the transaction, the director now owns 20,175 shares in the company, valued at approximately $1,968,676.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Luczo sold 100,000 shares of the stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $92.13, for a total transaction of $9,213,000.00. The disclosure for this sale can be found here. Insiders sold a total of 214,322 shares of company stock valued at $19,926,666 in the last 90 days. Company insiders own 0.97% of the company’s stock.
About Seagate Technology
Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI, and non-volatile memory express products; solid state hybrid drives; and storage subsystems.
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