Dumont & Blake Investment Advisors LLC Has $895,000 Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Dumont & Blake Investment Advisors LLC cut its holdings in Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,479 shares of the data storage provider’s stock after selling 730 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Seagate Technology were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CVA Family Office LLC bought a new position in shares of Seagate Technology in the fourth quarter valued at $27,000. Parkside Financial Bank & Trust boosted its position 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 purchasing an additional 205 shares during the period. State of Wyoming bought a new position in Seagate Technology during the fourth quarter worth $36,000. Exchange Traded Concepts LLC bought a new position in Seagate Technology during the fourth quarter worth $43,000. Finally, CENTRAL TRUST Co boosted its position in Seagate Technology by 50.0% during the third quarter. CENTRAL TRUST Co now owns 900 shares of the data storage provider’s stock worth $48,000 after purchasing an additional 300 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Seagate Technology in a research note on Monday, March 4th. Robert W. Baird upped their price objective on Seagate Technology from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. BNP Paribas downgraded Seagate Technology from a “neutral” rating to an “underperform” rating and set a $65.00 price objective for the company. in a research note on Thursday, January 11th. Wedbush reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Seagate Technology in a research note on Thursday, January 25th. Finally, Bank of America upped their price objective on Seagate Technology from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Seagate Technology presently has an average rating of “Hold” and a consensus target price of $84.17.

Check Out Our Latest Analysis on STX

Seagate Technology Trading Up 1.6 %

Shares of STX traded up $1.43 during trading hours on Wednesday, reaching $91.66. The stock had a trading volume of 1,728,138 shares, compared to its average volume of 2,754,674. The company has a market capitalization of $19.20 billion, a price-to-earnings ratio of -26.40, a P/E/G ratio of 3,792.56 and a beta of 1.04. The firm has a 50-day simple moving average of $89.62 and a 200 day simple moving average of $80.34. Seagate Technology Holdings plc has a 12 month low of $54.32 and a 12 month high of $101.26.

Seagate Technology (NASDAQ:STXGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.19. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. On average, equities analysts forecast that Seagate Technology Holdings plc will post 0.02 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Wednesday, March 20th. Seagate Technology’s dividend payout ratio is presently -80.00%.

Seagate Technology Profile

(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.

See Also

Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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