Brighton Jones LLC Purchases 1,039 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Brighton Jones LLC lifted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,336 shares of the data storage provider’s stock after purchasing an additional 1,039 shares during the quarter. Brighton Jones LLC’s holdings in Seagate Technology were worth $1,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its position in Seagate Technology by 3.0% in the 2nd quarter. CWM LLC now owns 3,307 shares of the data storage provider’s stock valued at $342,000 after acquiring an additional 97 shares in the last quarter. Csenge Advisory Group lifted its position in Seagate Technology by 1.4% in the 1st quarter. Csenge Advisory Group now owns 8,473 shares of the data storage provider’s stock valued at $788,000 after acquiring an additional 119 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in Seagate Technology by 3.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 3,452 shares of the data storage provider’s stock valued at $357,000 after acquiring an additional 122 shares in the last quarter. Burney Co. lifted its position in Seagate Technology by 3.3% in the 1st quarter. Burney Co. now owns 3,948 shares of the data storage provider’s stock valued at $367,000 after acquiring an additional 125 shares in the last quarter. Finally, Forum Financial Management LP lifted its position in Seagate Technology by 4.0% in the 2nd quarter. Forum Financial Management LP now owns 3,228 shares of the data storage provider’s stock valued at $333,000 after acquiring an additional 125 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 25,760 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $94.54, for a total value of $2,435,350.40. Following the completion of the sale, the chief financial officer now owns 52,620 shares of the company’s stock, valued at approximately $4,974,694.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Seagate Technology news, CFO Gianluca Romano sold 25,760 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $94.54, for a total value of $2,435,350.40. Following the completion of the sale, the chief financial officer now owns 52,620 shares of the company’s stock, valued at approximately $4,974,694.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total transaction of $72,075.00. Following the sale, the director now directly owns 3,034 shares of the company’s stock, valued at approximately $291,567.40. The disclosure for this sale can be found here. Insiders sold 56,627 shares of company stock valued at $5,489,495 in the last quarter. Company insiders own 0.89% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $104.74 on Friday. Seagate Technology Holdings plc has a 52 week low of $63.32 and a 52 week high of $113.57. The firm has a market cap of $22.05 billion, a P/E ratio of -81.19 and a beta of 1.03. The firm’s 50-day simple moving average is $101.15 and its 200 day simple moving average is $96.54.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results 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. Seagate Technology had a net margin of 5.11% and a negative return on equity of 8.41%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned ($0.29) EPS. Seagate Technology’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities analysts forecast that Seagate Technology Holdings plc will post 6.72 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 23rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Monday, September 23rd. Seagate Technology’s dividend payout ratio is currently -217.05%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, July 24th. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America reiterated a “buy” rating and issued a $110.00 price target on shares of Seagate Technology in a research note on Wednesday, June 5th. Evercore ISI lifted their price target on shares of Seagate Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Loop Capital lifted their price target on shares of Seagate Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Seagate Technology has a consensus rating of “Hold” and an average target price of $115.94.

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.