Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Sfmg LLC

Sfmg LLC lowered its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 3.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,679 shares of the data storage provider’s stock after selling 144 shares during the quarter. Sfmg LLC’s holdings in Seagate Technology were worth $399,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Valley National Advisers Inc. lifted its position in Seagate Technology by 39.7% in the fourth quarter. Valley National Advisers Inc. now owns 507 shares of the data storage provider’s stock valued at $43,000 after buying an additional 144 shares during the last quarter. NewEdge Wealth LLC lifted its position in Seagate Technology by 3.6% in the third quarter. NewEdge Wealth LLC now owns 4,214 shares of the data storage provider’s stock valued at $278,000 after buying an additional 146 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Seagate Technology by 4.9% during the third quarter. IFP Advisors Inc now owns 3,542 shares of the data storage provider’s stock worth $234,000 after purchasing an additional 164 shares in the last quarter. Bangor Savings Bank lifted its position in shares of Seagate Technology by 2.5% during the third quarter. Bangor Savings Bank now owns 6,768 shares of the data storage provider’s stock worth $446,000 after purchasing an additional 166 shares in the last quarter. Finally, Rothschild Investment LLC IL lifted its position in shares of Seagate Technology by 1.9% during the third quarter. Rothschild Investment LLC IL now owns 9,294 shares of the data storage provider’s stock worth $613,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho reissued a “buy” rating and set a $100.00 price target on shares of Seagate Technology in a research report on Tuesday, April 9th. The Goldman Sachs Group increased their price target on shares of Seagate Technology from $65.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Morgan Stanley upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $73.00 to $115.00 in a research note on Tuesday, March 26th. TD Cowen upped their target price on shares of Seagate Technology from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird upped their target price on shares of Seagate Technology from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.67.

Seagate Technology Trading Up 0.6 %

STX stock opened at $84.20 on Thursday. The company has a market capitalization of $17.64 billion, a P/E ratio of -24.06, a PEG ratio of 1,383.14 and a beta of 1.04. Seagate Technology Holdings plc has a twelve month low of $54.32 and a twelve month high of $101.26. The business has a 50 day simple moving average of $89.61 and a 200-day simple moving average of $81.98.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.19. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Research analysts predict that Seagate Technology Holdings plc will post 0.05 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Wednesday, March 20th. Seagate Technology’s payout ratio is currently -80.00%.

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.