Dimensional Fund Advisors LP Has $105.31 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Dimensional Fund Advisors LP increased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,019,657 shares of the data storage provider’s stock after buying an additional 9,062 shares during the quarter. Dimensional Fund Advisors LP owned 0.49% of Seagate Technology worth $105,306,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in STX. Jump Financial LLC acquired a new stake in shares of Seagate Technology in the 4th quarter valued at about $226,000. Coldstream Capital Management Inc. acquired a new stake in shares of Seagate Technology in the 4th quarter valued at about $211,000. Corient Private Wealth LLC raised its stake in shares of Seagate Technology by 5.0% in the 4th quarter. Corient Private Wealth LLC now owns 21,696 shares of the data storage provider’s stock valued at $1,852,000 after purchasing an additional 1,030 shares during the period. US Bancorp DE raised its stake in shares of Seagate Technology by 3.0% in the 4th quarter. US Bancorp DE now owns 17,757 shares of the data storage provider’s stock valued at $1,516,000 after purchasing an additional 519 shares during the period. Finally, Commerce Bank acquired a new stake in shares of Seagate Technology in the 4th quarter valued at about $347,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on STX. Morgan Stanley upped their target price on Seagate Technology from $115.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Barclays raised their target price on shares of Seagate Technology from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Robert W. Baird upped their price target 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. StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company raised their target price on shares of Seagate Technology from $90.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $115.94.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 10,117 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $110.00, for a total value of $1,112,870.00. Following the sale, the executive vice president now owns 5,387 shares in the company, valued at $592,570. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Gianluca Romano sold 25,760 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 52,620 shares in the company, valued at approximately $4,974,694.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ban Seng Teh sold 10,117 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 5,387 shares in the company, valued at $592,570. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,627 shares of company stock valued at $5,489,495. 0.89% of the stock is owned by insiders.

Seagate Technology Trading Up 1.8 %

Shares of Seagate Technology stock opened at $105.88 on Tuesday. The company has a 50 day moving average of $101.09 and a 200-day moving average of $96.63. The company has a market cap of $22.23 billion, a PE ratio of -82.08 and a beta of 1.03. Seagate Technology Holdings plc has a 1-year low of $63.32 and a 1-year high of $113.57.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.29. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the business posted ($0.29) EPS. The company’s revenue was up 17.8% compared to the same quarter last year. Research analysts forecast 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. Stockholders of record on Monday, September 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.64%. Seagate Technology’s payout ratio is currently -217.05%.

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.