Strategic Wealth Partners Ltd. Buys 4,139 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Strategic Wealth Partners Ltd. increased its stake in Seagate Technology Holdings plc (NASDAQ:STXGet Rating) by 40.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,286 shares of the data storage provider’s stock after purchasing an additional 4,139 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Seagate Technology were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Syntax Advisors LLC raised its holdings in shares of Seagate Technology by 5.1% in the first quarter. Syntax Advisors LLC now owns 2,793 shares of the data storage provider’s stock valued at $251,000 after purchasing an additional 136 shares during the last quarter. Brighton Jones LLC lifted its position in Seagate Technology by 0.5% during the 1st quarter. Brighton Jones LLC now owns 28,271 shares of the data storage provider’s stock worth $2,542,000 after buying an additional 140 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Seagate Technology by 0.5% in the 1st quarter. Clearstead Advisors LLC now owns 26,126 shares of the data storage provider’s stock valued at $2,349,000 after acquiring an additional 141 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in shares of Seagate Technology by 26.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 726 shares of the data storage provider’s stock valued at $66,000 after acquiring an additional 154 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC increased its position in shares of Seagate Technology by 5.5% in the first quarter. Balasa Dinverno & Foltz LLC now owns 2,952 shares of the data storage provider’s stock valued at $265,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

Analyst Ratings Changes

STX has been the subject of a number of analyst reports. Craig Hallum decreased their price target on Seagate Technology from $79.00 to $61.00 in a research note on Thursday, September 1st. Summit Insights lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Bank of America lowered their price objective on shares of Seagate Technology from $110.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, September 1st. Barclays cut their target price on shares of Seagate Technology from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, September 1st. Finally, Susquehanna Bancshares dropped their price objective on Seagate Technology from $67.00 to $58.00 and set a “negative” rating on the stock in a research note on Friday, July 22nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Hold” and a consensus target price of $80.48.

Seagate Technology Stock Down 3.1 %

STX stock opened at $63.22 on Thursday. The company has a market cap of $13.08 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 11.50 and a beta of 1.11. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 46.44. Seagate Technology Holdings plc has a 52 week low of $62.60 and a 52 week high of $117.67. The business has a 50-day simple moving average of $75.57 and a 200 day simple moving average of $81.18.

Seagate Technology (NASDAQ:STXGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The data storage provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.33). Seagate Technology had a return on equity of 412.90% and a net margin of 14.14%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. Sell-side analysts anticipate that Seagate Technology Holdings plc will post 4.95 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.43%. The ex-dividend date is Tuesday, September 20th. Seagate Technology’s payout ratio is 38.15%.

About Seagate Technology

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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.

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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