454,322 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Bought by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of Seagate Technology Holdings plc (NASDAQ:STXGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 454,322 shares of the data storage provider’s stock, valued at approximately $32,456,000. Deutsche Bank AG owned approximately 0.22% of Seagate Technology at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Seagate Technology by 10.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,358,118 shares of the data storage provider’s stock worth $1,025,744,000 after buying an additional 1,400,931 shares during the last quarter. Sanders Capital LLC lifted its holdings in Seagate Technology by 31.1% during the 1st quarter. Sanders Capital LLC now owns 5,240,802 shares of the data storage provider’s stock worth $517,577,000 after buying an additional 1,242,350 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Seagate Technology by 41.1% during the 1st quarter. Bank of New York Mellon Corp now owns 3,898,164 shares of the data storage provider’s stock worth $350,445,000 after buying an additional 1,134,751 shares during the last quarter. Invesco Ltd. lifted its holdings in Seagate Technology by 4.4% during the 1st quarter. Invesco Ltd. now owns 1,843,144 shares of the data storage provider’s stock worth $165,698,000 after buying an additional 78,298 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Seagate Technology during the 2nd quarter worth about $83,163,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on STX. Barclays decreased their price target on Seagate Technology from $65.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, October 27th. StockNews.com assumed coverage on Seagate Technology in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Exane BNP Paribas assumed coverage on Seagate Technology in a report on Tuesday, September 13th. They issued a “neutral” rating and a $70.00 target price for the company. Susquehanna Bancshares reduced their target price on Seagate Technology from $40.00 to $38.00 in a report on Thursday, October 27th. Finally, Bank of America reduced their target price on Seagate Technology from $110.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.17.

Seagate Technology Stock Performance

NASDAQ STX opened at $54.81 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.68 and a debt-to-equity ratio of 46.44. The business’s 50 day moving average is $54.66 and its two-hundred day moving average is $69.14. Seagate Technology Holdings plc has a 12-month low of $47.47 and a 12-month high of $117.67. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 22.45 and a beta of 1.09.

Seagate Technology (NASDAQ:STXGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The data storage provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15). The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.11 billion. Seagate Technology had a return on equity of 716.97% and a net margin of 10.89%. The business’s revenue was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. Research analysts expect that Seagate Technology Holdings plc will post 1.99 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Wednesday, December 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Tuesday, December 20th. Seagate Technology’s dividend payout ratio is currently 53.85%.

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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