Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 33.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,050 shares of the data storage provider’s stock after acquiring an additional 773 shares during the period. Meeder Advisory Services Inc.’s holdings in Seagate Technology were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in Seagate Technology in the second quarter valued at $41,000. ICA Group Wealth Management LLC purchased a new stake in Seagate Technology in the 4th quarter valued at $47,000. Richardson Financial Services Inc. acquired a new stake in Seagate Technology during the 4th quarter worth $47,000. Larson Financial Group LLC increased its stake in Seagate Technology by 15,766.7% in the second quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock valued at $49,000 after purchasing an additional 473 shares during the period. Finally, Viking Fund Management LLC raised its holdings in shares of Seagate Technology by 722.2% in the first quarter. Viking Fund Management LLC now owns 740 shares of the data storage provider’s stock valued at $69,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 1.5 %

NASDAQ:STX opened at $102.13 on Monday. Seagate Technology Holdings plc has a 52-week low of $63.22 and a 52-week high of $113.57. The stock has a fifty day simple moving average of $101.44 and a 200-day simple moving average of $96.32. The company has a market capitalization of $21.50 billion, a PE ratio of -79.17 and a beta of 1.03.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted ($0.29) earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, equities analysts anticipate that Seagate Technology Holdings plc will post 6.72 earnings per share for the current 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, September 23rd. Seagate Technology’s payout ratio is -217.05%.

Insider Transactions at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total transaction of $72,075.00. Following the completion of the sale, the director now owns 3,034 shares in the company, valued at approximately $291,567.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Gianluca Romano sold 25,760 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 52,620 shares in the company, valued at $4,974,694.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $96.10, for a total value of $72,075.00. Following the completion of the sale, the director now 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 a total of 56,627 shares of company stock valued at $5,489,495 over the last three months. 0.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STX. Susquehanna boosted their price target on Seagate Technology from $55.00 to $65.00 and gave the company a “negative” rating in a research report on Wednesday, July 24th. Loop Capital upped their price target on Seagate Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. TD Cowen lifted their price objective on shares of Seagate Technology from $110.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Benchmark restated a “hold” rating on shares of Seagate Technology in a research report on Wednesday, July 24th. Finally, UBS Group lifted their target price on shares of Seagate Technology from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.