2,093 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Acquired by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the second quarter, Holdings Channel reports. The firm purchased 2,093 shares of the data storage provider’s stock, valued at approximately $216,000.

Several other hedge funds have also recently bought and sold shares of STX. Vanguard Group Inc. boosted its holdings in shares of Seagate Technology by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 24,753,076 shares of the data storage provider’s stock worth $2,303,274,000 after acquiring an additional 746,395 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Seagate Technology by 39.3% in the fourth quarter. Capital Research Global Investors now owns 16,614,884 shares of the data storage provider’s stock valued at $1,418,413,000 after buying an additional 4,685,454 shares during the last quarter. Sanders Capital LLC lifted its position in shares of Seagate Technology by 3.0% during the fourth quarter. Sanders Capital LLC now owns 15,486,153 shares of the data storage provider’s stock worth $1,322,053,000 after purchasing an additional 443,768 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Seagate Technology by 14.5% during the first quarter. Clearbridge Investments LLC now owns 2,656,828 shares of the data storage provider’s stock valued at $247,218,000 after purchasing an additional 337,464 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Seagate Technology during the fourth quarter valued at approximately $188,834,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Trading Up 1.1 %

Shares of STX stock traded up $1.18 during trading hours on Friday, hitting $104.41. 949,247 shares of the company were exchanged, compared to its average volume of 2,606,292. The company has a market capitalization of $21.92 billion, a PE ratio of -80.94 and a beta of 1.02. Seagate Technology Holdings plc has a 52 week low of $62.43 and a 52 week high of $113.57. The business has a 50 day moving average of $102.33 and a two-hundred day moving average of $94.96.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.29. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted ($0.29) EPS. On average, research analysts forecast that Seagate Technology Holdings plc will post 6.72 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.80 annualized dividend and a dividend yield of 2.68%. Seagate Technology’s dividend payout ratio is currently -217.05%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STX. Bank of America reaffirmed a “buy” rating and set a $110.00 price objective on shares of Seagate Technology in a report on Wednesday, June 5th. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday. Benchmark reaffirmed a “hold” rating on shares of Seagate Technology in a research note on Wednesday, July 24th. Citigroup upped their target price 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. Finally, Wedbush lifted their price objective on Seagate Technology from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $115.94.

Insider Transactions at Seagate Technology

In related news, SVP John Christopher Morris sold 5,928 shares of Seagate Technology stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $99.99, for a total value of $592,740.72. Following the sale, the senior vice president now owns 12,185 shares of the company’s stock, valued at $1,218,378.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP John Christopher Morris sold 5,928 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $99.99, for a total value of $592,740.72. Following the completion of the transaction, the senior vice president now directly owns 12,185 shares of the company’s stock, valued at $1,218,378.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gianluca Romano sold 25,760 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $94.54, for a total transaction of $2,435,350.40. Following the sale, the chief financial officer now directly owns 52,620 shares in the company, valued at $4,974,694.80. The disclosure for this sale can be found here. Insiders have sold a total of 72,547 shares of company stock valued at $7,084,361 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

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.