Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 26.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,475 shares of the data storage provider’s stock after acquiring an additional 2,165 shares during the period. Thrivent Financial for Lutherans’ holdings in Seagate Technology were worth $1,081,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Sei Investments Co. grew its stake in shares of Seagate Technology by 33.7% during the second quarter. Sei Investments Co. now owns 14,484 shares of the data storage provider’s stock valued at $1,496,000 after acquiring an additional 3,647 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Seagate Technology by 96,580.0% in the second quarter. Canada Pension Plan Investment Board now owns 9,668 shares of the data storage provider’s stock valued at $998,000 after buying an additional 9,658 shares during the last quarter. Ieq Capital LLC increased its holdings in Seagate Technology by 3.2% in the second quarter. Ieq Capital LLC now owns 30,742 shares of the data storage provider’s stock valued at $3,175,000 after buying an additional 950 shares during the last quarter. Brighton Jones LLC increased its holdings in Seagate Technology by 7.3% in the second quarter. Brighton Jones LLC now owns 15,336 shares of the data storage provider’s stock valued at $1,584,000 after buying an additional 1,039 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in Seagate Technology by 338.8% in the second quarter. Intech Investment Management LLC now owns 113,411 shares of the data storage provider’s stock valued at $11,712,000 after buying an additional 87,566 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $107.68, for a total transaction of $2,153,600.00. Following the sale, the chief executive officer now directly owns 648,616 shares of the company’s stock, valued at $69,842,970.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $107.68, for a total transaction of $2,153,600.00. Following the sale, the chief executive officer now directly owns 648,616 shares of the company’s stock, valued at $69,842,970.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 10,117 shares of the company’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 directly owns 5,387 shares in the company, valued at $592,570. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 223,284 shares of company stock valued at $23,800,887. Corporate insiders own 0.89% of the company’s stock.

Seagate Technology Price Performance

STX opened at $107.24 on Friday. The company has a market capitalization of $22.57 billion, a price-to-earnings ratio of -83.13 and a beta of 1.04. Seagate Technology Holdings plc has a 1-year low of $64.12 and a 1-year high of $113.57. The business has a 50 day moving average price of $101.64 and a two-hundred day moving average price of $97.83.

Seagate Technology (NASDAQ:STX) last posted 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 company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) earnings per share. Equities analysts expect that Seagate Technology Holdings plc will post 6.72 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.80 annualized dividend and a dividend yield of 2.61%. Seagate Technology’s dividend payout ratio is currently -217.05%.

Wall Street Analysts Forecast Growth

STX has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Seagate Technology from $90.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Wedbush lifted their target price on Seagate Technology from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Benchmark restated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, July 24th. Cantor Fitzgerald lifted their target price on Seagate Technology from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird lifted their target price on Seagate Technology from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve 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 $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.