J.W. Cole Advisors Inc. Acquires New Position in Seagate Technology Holdings plc (NASDAQ:STX)

J.W. Cole Advisors Inc. acquired a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STXGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 31,998 shares of the data storage provider’s stock, valued at approximately $80,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Seagate Technology by 7.8% in the 1st quarter. JPMorgan Chase & Co. now owns 12,957,187 shares of the data storage provider’s stock valued at $1,164,852,000 after buying an additional 939,313 shares during the period. State Street Corp grew its stake in shares of Seagate Technology by 2.5% in the 4th quarter. State Street Corp now owns 9,367,384 shares of the data storage provider’s stock valued at $1,064,798,000 after buying an additional 230,667 shares during the period. Sanders Capital LLC grew its stake in shares of Seagate Technology by 31.1% in the 1st quarter. Sanders Capital LLC now owns 5,240,802 shares of the data storage provider’s stock valued at $517,577,000 after buying an additional 1,242,350 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Seagate Technology by 41.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,898,164 shares of the data storage provider’s stock valued at $350,445,000 after buying an additional 1,134,751 shares during the period. Finally, Norges Bank purchased a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $221,348,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the subject of several analyst reports. Robert W. Baird dropped their price target on shares of Seagate Technology from $80.00 to $70.00 and set an “outperform” rating for the company 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 report on Thursday, July 21st. Fox Advisors lowered shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Friday, July 22nd. Susquehanna decreased their price objective on shares of Seagate Technology from $67.00 to $58.00 in a report on Friday, July 22nd. Finally, Citigroup decreased their price objective on shares of Seagate Technology from $79.00 to $75.00 in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $80.48.

Seagate Technology Trading Down 1.2 %

Shares of Seagate Technology stock opened at $58.84 on Friday. Seagate Technology Holdings plc has a 1 year low of $58.56 and a 1 year high of $117.67. The company has a debt-to-equity ratio of 46.44, a quick ratio of 0.69 and a current ratio of 1.13. The company has a market capitalization of $12.17 billion, a P/E ratio of 8.02, a PEG ratio of 10.01 and a beta of 1.11. The company’s fifty day moving average is $73.91 and its two-hundred day moving average is $79.43.

Seagate Technology (NASDAQ:STXGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The data storage provider reported $1.41 earnings per share (EPS) 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 analysts’ expectations of $2.80 billion. During the same period in the previous year, the business posted $1.92 earnings per share. Analysts forecast that Seagate Technology Holdings plc will post 4.95 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Tuesday, September 20th. Seagate Technology’s dividend payout ratio (DPR) is presently 38.15%.

Seagate Technology Company Profile

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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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