Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Lbp Am Sa

Lbp Am Sa grew its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 217.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,843 shares of the data storage provider’s stock after acquiring an additional 25,234 shares during the quarter. Lbp Am Sa’s holdings in Seagate Technology were worth $3,428,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tidal Investments LLC boosted its holdings in shares of Seagate Technology by 24.5% in the 1st quarter. Tidal Investments LLC now owns 4,289 shares of the data storage provider’s stock valued at $399,000 after buying an additional 844 shares during the period. California State Teachers Retirement System lifted its position in Seagate Technology by 5.7% in the first quarter. California State Teachers Retirement System now owns 291,919 shares of the data storage provider’s stock worth $27,163,000 after purchasing an additional 15,847 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Seagate Technology by 3.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 19,340 shares of the data storage provider’s stock worth $1,800,000 after acquiring an additional 725 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Seagate Technology in the 1st quarter worth approximately $845,000. Finally, Ascent Group LLC boosted its stake in shares of Seagate Technology by 4.2% during the 1st quarter. Ascent Group LLC now owns 12,534 shares of the data storage provider’s stock worth $1,166,000 after acquiring an additional 507 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP John Christopher Morris sold 11,158 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total value of $1,004,220.00. Following the transaction, the senior vice president now owns 17,767 shares in the company, valued at $1,599,030. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Ban Seng Teh sold 10,117 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total transaction of $1,112,870.00. Following the completion of the transaction, the executive vice president now owns 5,387 shares of the company’s stock, valued at approximately $592,570. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Christopher Morris sold 11,158 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $90.00, for a total value of $1,004,220.00. Following the completion of the sale, the senior vice president now directly owns 17,767 shares in the company, valued at $1,599,030. The disclosure for this sale can be found here. Insiders have sold a total of 47,648 shares of company stock worth $4,705,816 in the last 90 days. Company insiders own 0.89% of the company’s stock.

Seagate Technology Stock Performance

STX traded down $3.16 on Thursday, reaching $99.01. The company had a trading volume of 3,433,199 shares, compared to its average volume of 2,649,133. The company’s fifty day moving average is $101.71 and its 200 day moving average is $93.56. The stock has a market cap of $20.79 billion, a P/E ratio of -80.42 and a beta of 1.02. Seagate Technology Holdings plc has a fifty-two week low of $62.43 and a fifty-two week high of $113.57.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 23rd. The data storage provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.29. The firm had revenue of $1.89 billion for 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 for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.29) EPS. On average, sell-side analysts expect that Seagate Technology Holdings plc will post 6.21 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Monday, September 23rd. Seagate Technology’s dividend payout ratio is currently -217.05%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Seagate Technology from $110.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Mizuho raised their price target on Seagate Technology from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Susquehanna increased their price target on shares of Seagate Technology from $55.00 to $65.00 and gave the company a “negative” rating in a report on Wednesday, July 24th. Wedbush boosted their price target on shares of Seagate Technology from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Finally, Barclays boosted their target price on shares of Seagate Technology from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $115.94.

Seagate Technology 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.