Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Seagate Technology Holdings plc (NASDAQ:STX) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,003 shares of the data storage provider’s stock after buying an additional 1,649 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Seagate Technology were worth $2,574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STX. Jump Financial LLC purchased a new position in Seagate Technology in the 4th quarter valued at $226,000. Level Four Advisory Services LLC purchased a new stake in shares of Seagate Technology during the 4th quarter worth $255,000. UBS Group AG boosted its position in shares of Seagate Technology by 29.9% during the 4th quarter. UBS Group AG now owns 495,150 shares of the data storage provider’s stock worth $42,271,000 after purchasing an additional 113,886 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Seagate Technology during the 4th quarter worth $211,000. Finally, Wells Fargo & Company MN boosted its position in shares of Seagate Technology by 83.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,014,075 shares of the data storage provider’s stock worth $86,572,000 after purchasing an additional 460,599 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STX has been the topic of several research analyst reports. Northland Securities boosted their target price on shares of Seagate Technology from $119.00 to $142.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. TD Cowen boosted their price objective on shares of Seagate Technology from $110.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Bank of America reiterated a “buy” rating and issued a $110.00 price objective on shares of Seagate Technology in a research report on Wednesday, June 5th. Robert W. Baird boosted their price objective on shares of Seagate Technology from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI boosted their price objective on shares of Seagate Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.94.

Seagate Technology Price Performance

NASDAQ STX opened at $104.74 on Friday. Seagate Technology Holdings plc has a 12 month low of $63.32 and a 12 month high of $113.57. The company has a 50-day moving average of $101.15 and a 200-day moving average of $96.54. The company has a market cap of $22.05 billion, a P/E ratio of -81.19 and a beta of 1.03.

Seagate Technology (NASDAQ:STX) last posted 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. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. Seagate Technology had a net margin of 5.11% and a negative return on equity of 8.41%. The company’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) EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings plc will post 6.72 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, September 23rd. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

Insider Buying and Selling

In other Seagate Technology news, 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 value of $72,075.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. In other Seagate Technology news, 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 value of $72,075.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. Also, CFO Gianluca Romano sold 25,760 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 52,620 shares of the company’s stock, valued at $4,974,694.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,627 shares of company stock valued at $5,489,495. 0.89% of the stock is currently owned by corporate insiders.

About Seagate Technology

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.