Public Employees Retirement Association of Colorado Has $2.13 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,616 shares of the data storage provider’s stock after selling 855 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Seagate Technology were worth $2,129,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Family Firm Inc. purchased a new position in shares of Seagate Technology during the second quarter valued at approximately $41,000. Larson Financial Group LLC boosted its holdings in Seagate Technology by 15,766.7% during the 2nd quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock worth $49,000 after acquiring an additional 473 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Seagate Technology in the 4th quarter worth $47,000. Richardson Financial Services Inc. purchased a new stake in shares of Seagate Technology in the fourth quarter valued at about $47,000. Finally, Viking Fund Management LLC lifted its position in shares of Seagate Technology by 722.2% during the first quarter. Viking Fund Management LLC now owns 740 shares of the data storage provider’s stock valued at $69,000 after purchasing an additional 650 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $93.46, for a total transaction of $1,869,200.00. Following the completion of the transaction, the chief executive officer now owns 654,270 shares of the company’s stock, valued at $61,148,074.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $93.46, for a total value of $1,869,200.00. Following the completion of the transaction, the chief executive officer now owns 654,270 shares of the company’s stock, valued at approximately $61,148,074.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ban Seng Teh sold 10,117 shares of the 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 approximately $592,570. The disclosure for this sale can be found here. Insiders have sold 56,627 shares of company stock worth $5,489,495 in the last ninety days. 0.89% of the stock is currently owned by insiders.

Seagate Technology Stock Up 1.8 %

Shares of NASDAQ STX opened at $105.88 on Tuesday. The business has a 50-day simple moving average of $101.09 and a two-hundred day simple moving average of $96.63. Seagate Technology Holdings plc has a 52 week low of $63.32 and a 52 week high of $113.57. The company has a market cap of $22.23 billion, a P/E ratio of -82.08 and a beta of 1.03.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 23rd. The data storage provider reported $1.05 EPS for the quarter, beating the consensus estimate 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 company earned ($0.29) earnings per share. Seagate Technology’s revenue for the quarter was up 17.8% on a year-over-year basis. 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 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, September 23rd. Seagate Technology’s payout ratio is -217.05%.

Analyst Ratings Changes

Several equities research analysts have commented on STX shares. Evercore ISI increased their price objective on shares of Seagate Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Mizuho increased their price target on Seagate Technology from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Citigroup boosted their price objective on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Barclays upped their price objective on Seagate Technology from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, StockNews.com cut Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Seagate Technology presently has an average 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.