Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC raised its position in Seagate Technology Holdings plc (NASDAQ:STX) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,655 shares of the data storage provider’s stock after acquiring an additional 185 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Seagate Technology were worth $397,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of STX. CWM LLC grew its stake in shares of Seagate Technology by 6.0% during the 3rd quarter. CWM LLC now owns 3,311 shares of the data storage provider’s stock worth $218,000 after purchasing an additional 187 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of Seagate Technology by 117.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,048 shares of the data storage provider’s stock worth $65,000 after purchasing an additional 565 shares during the period. IFP Advisors Inc grew its stake in shares of Seagate Technology by 4.9% during the 3rd 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 during the period. Global Retirement Partners LLC grew its stake in shares of Seagate Technology by 23.4% during the 3rd quarter. Global Retirement Partners LLC now owns 2,212 shares of the data storage provider’s stock worth $146,000 after purchasing an additional 419 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Seagate Technology by 23.2% during the 3rd quarter. SG Americas Securities LLC now owns 21,613 shares of the data storage provider’s stock worth $1,425,000 after purchasing an additional 4,075 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

NASDAQ STX opened at $86.53 on Wednesday. Seagate Technology Holdings plc has a one year low of $54.47 and a one year high of $101.26. The company’s 50 day moving average price is $89.29 and its 200 day moving average price is $82.61. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of -24.72, a PEG ratio of 703.97 and a beta of 1.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. The company’s quarterly revenue was down 11.0% on a year-over-year basis. Sell-side analysts forecast that Seagate Technology Holdings plc will post 0.1 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.24%. Seagate Technology’s dividend payout ratio (DPR) is -80.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STX. Evercore ISI began coverage on shares of Seagate Technology in a research note on Tuesday, February 27th. They issued an “outperform” rating and a $110.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of Seagate Technology from $65.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 26th. BNP Paribas lowered shares of Seagate Technology from a “neutral” rating to an “underperform” rating and set a $65.00 target price on the stock. in a report on Thursday, January 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $95.00 target price on shares of Seagate Technology in a report on Monday, March 4th. Finally, Morgan Stanley upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $73.00 to $115.00 in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $91.73.

About Seagate Technology

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.