Capital Investment Advisory Services LLC Buys 185 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Capital Investment Advisory Services LLC grew its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,655 shares of the data storage provider’s stock after acquiring an additional 185 shares during the period. Capital Investment Advisory Services LLC’s holdings in Seagate Technology were worth $397,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Seagate Technology in the 4th quarter worth about $26,000. CVA Family Office LLC purchased a new stake in shares of Seagate Technology in the 4th quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Seagate Technology in the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust lifted its position in shares of Seagate Technology by 85.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 205 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Seagate Technology in the 4th quarter worth approximately $43,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Price Performance

NASDAQ:STX opened at $86.53 on Wednesday. The firm has a market capitalization of $18.13 billion, a P/E ratio of -24.72, a PEG ratio of 703.97 and a beta of 1.04. Seagate Technology Holdings plc has a 1-year low of $54.47 and a 1-year high of $101.26. The company’s fifty day moving average price is $89.29 and its 200-day moving average price is $82.61.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.43) EPS. Equities analysts anticipate that Seagate Technology Holdings plc will post 0.1 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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 paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.24%. Seagate Technology’s dividend payout ratio (DPR) is presently -80.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Seagate Technology from $50.00 to $55.00 and gave the stock a “negative” rating in a research report on Wednesday, April 10th. Evercore ISI assumed coverage on shares of Seagate Technology in a research report on Tuesday, February 27th. They issued an “outperform” rating and a $110.00 price target for the company. Mizuho reaffirmed a “buy” rating and issued a $100.00 price target on shares of Seagate Technology in a research report on Tuesday, April 9th. The Goldman Sachs Group increased their target price on shares of Seagate Technology from $65.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Wells Fargo & Company increased their target price on shares of Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.73.

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.