Swedbank AB acquired a new position in Seagate Technology Holdings plc (NASDAQ:STX – Free Report ) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 37,141 shares of the data storage provider’s stock, valued at approximately $3,456,000.
A number of other hedge funds have also recently added to or reduced their stakes in STX. Assenagon Asset Management SA raised its stake in shares of Seagate Technology by 2.3% in the fourth quarter. Assenagon Asset Management SA now owns 9,251 shares of the data storage provider’s stock worth $790,000 after acquiring an additional 207 shares during the period. Ballentine Partners LLC bought a new stake in shares of Seagate Technology in the 4th quarter worth $288,000. Leavell Investment Management Inc. acquired a new stake in shares of Seagate Technology in the fourth quarter valued at $236,000. Arizona State Retirement System increased its stake in Seagate Technology by 38.9% during the fourth quarter. Arizona State Retirement System now owns 70,617 shares of the data storage provider’s stock valued at $6,029,000 after purchasing an additional 19,771 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Seagate Technology by 5.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 77,822 shares of the data storage provider’s stock worth $6,754,000 after acquiring an additional 4,248 shares during the period. Institutional investors own 92.87% of the company’s stock.
Reviewer Updates and Updates
Several research organizations have recently become independent on STX. Citigroup upped their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised their price objective on shares of Seagate Technology from $90.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Loop Capital upped their price objective on Seagate Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Cantor Fitzgerald increased their target price on Seagate Technology from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI increased their price objective on Seagate Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Seagate Technology currently has an average rating of “Hold” and a consensus target price of $115.94.
Read our latest stock report on Seagate Technology
Internal Work
In other Seagate Technology news, EVP Ban Seng Teh sold 10,117 shares of the stock in a transaction on Wednesday, July 24th. The shares were traded at an average price of $110.00, for a total trade of $1,112,870.00. Following this transaction, the executive vice president now owns 5,387 shares of the company’s stock, valued at $592,570. The process was disclosed in a document filed with the Securities & Exchange Commission, available at this link. In related news, SVP John Christopher Morris sold 11,158 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were traded at an average price of $90.00, for a total trade of $1,004,220.00. Following the completion of the sale, the senior vice president now directly owns 17,767 shares of the company’s stock, valued at approximately $1,599,030. This process was disclosed in a legal filing with the SEC, available at this link. Also, EVP Ban Seng Teh sold 10,117 shares of Seagate Technology stock in a transaction on Wednesday, July 24th. The stock sold at an average price of $110.00, for a total sale of $1,112,870.00. Following the completion of the transaction, the senior vice president now owns 5,387 shares in the company, valued at approximately $592,570. Information on this sale can be found here. Over the last 90 days, insiders have sold 47,648 shares of company stock worth $4,705,816. 0.89% of the stock is owned by corporate insiders.
Seagate Technology Trading Down 4.5 %
STX opened at $94.57 on Friday. The stock has a fifty day moving average price of $101.82 and a 200 day moving average price of $93.74. Seagate Technology Holdings plc has a 1 year low of $62.43 and a 1 year high of $113.57. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of -73.31 and a beta of 1.02.
Seagate Technology (NASDAQ:STX – Get the Free Report ) announced its quarterly earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.29. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The company’s revenue was up 17.8% year-on-year. During the same period last year, the company earned ($0.29) EPS. As a group, equities analysts predict that Seagate Technology Holdings plc will post 6.21 earnings per share for the current fiscal year.
Seagate Technology Announces Separation
The firm also announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.70 per share. The first payment date for these shares is Monday, September 23rd. it paid 2.80 $ per share and the annual yield was 2.96 %. Seagate Technology Company (DPR) shares average is -217.05%.
Seagate Technology Company Profile
(Free Report)
Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands and internationally. Offers a wide range of storage products, including solid state hard disk drives (HDDs), commercial solid state drives (SSDs), commercial solid state systems, video HDDs and images, and network-attached storage drives.
Stories From
Want to see what other hedge funds hold STX? Visit HoldingsChannel.com for the latest 13F filings and insiders for Seagate Technology Holdings plc (NASDAQ:STX – Free Report).
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