GSA Capital Partners LLP Invests $259,000 in Seagate Technology Holdings plc (NASDAQ:STX)

GSA Capital Partners LLP purchased a new position in Seagate Technology Holdings plc (NASDAQ:STX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,368 shares of the data storage provider’s stock, valued at approximately $259,000.

A number of other large investors also recently modified their holdings of STX. Price T Rowe Associates Inc. MD lifted its position in Seagate Technology by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 258,033 shares of the data storage provider’s stock valued at $24,011,000 after purchasing an additional 6,044 shares during the last quarter. Versor Investments LP bought a new stake in shares of Seagate Technology during the 3rd quarter worth about $2,146,000. Lighthouse Investment Partners LLC bought a new stake in shares of Seagate Technology during the 2nd quarter worth about $499,000. Lazard Asset Management LLC raised its position in shares of Seagate Technology by 6.9% during the 1st quarter. Lazard Asset Management LLC now owns 13,609 shares of the data storage provider’s stock worth $1,266,000 after buying an additional 881 shares in the last quarter. Finally, Forte Capital LLC ADV raised its position in shares of Seagate Technology by 29.8% during the 3rd quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider’s stock worth $3,173,000 after buying an additional 6,653 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Kian Fatt Chong sold 9,182 shares of Seagate Technology stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $105.50, for a total value of $968,701.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total value of $72,075.00. Following the completion of the transaction, the director now directly owns 3,034 shares in the company, valued at approximately $291,567.40. This represents a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,820 shares of company stock worth $21,892,856. Company insiders own 0.81% of the company’s stock.

Seagate Technology Trading Down 0.3 %

NASDAQ STX opened at $99.62 on Friday. The company has a market cap of $21.07 billion, a PE ratio of 26.01 and a beta of 1.05. Seagate Technology Holdings plc has a 12 month low of $75.64 and a 12 month high of $115.32. The stock has a 50 day moving average of $104.69 and a 200-day moving average of $101.62.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.28. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted ($0.34) EPS. The company’s quarterly revenue was up 49.1% on a year-over-year basis. As a group, sell-side analysts predict that Seagate Technology Holdings plc will post 7.18 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Sunday, December 15th will be given a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s dividend payout ratio (DPR) is presently 73.11%.

Analyst Upgrades and Downgrades

STX has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $125.00 price target on shares of Seagate Technology in a research report on Wednesday, October 23rd. Benchmark restated a “hold” rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Rosenblatt Securities boosted their price target on shares of Seagate Technology from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Northland Securities lifted their price objective on shares of Seagate Technology from $142.00 to $144.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

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.