Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,549 shares of the data storage provider’s stock after buying an additional 8,790 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Seagate Technology were worth $6,620,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Seagate Technology by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,680,400 shares of the data storage provider’s stock worth $1,166,022,000 after purchasing an additional 1,485,937 shares during the period. Sanders Capital LLC boosted its stake in Seagate Technology by 3.0% in the 4th quarter. Sanders Capital LLC now owns 15,486,153 shares of the data storage provider’s stock worth $1,322,053,000 after purchasing an additional 443,768 shares during the period. FMR LLC boosted its stake in Seagate Technology by 13.1% in the 3rd quarter. FMR LLC now owns 13,929,708 shares of the data storage provider’s stock worth $918,664,000 after purchasing an additional 1,612,264 shares during the period. Wellington Management Group LLP boosted its stake in Seagate Technology by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,381,497 shares of the data storage provider’s stock worth $288,960,000 after purchasing an additional 127,214 shares during the period. Finally, Invesco Ltd. boosted its stake in Seagate Technology by 0.4% in the 3rd quarter. Invesco Ltd. now owns 2,804,277 shares of the data storage provider’s stock worth $184,942,000 after purchasing an additional 10,697 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Trading Up 0.1 %

Shares of STX opened at $96.11 on Friday. Seagate Technology Holdings plc has a one year low of $57.32 and a one year high of $101.26. The company’s fifty day moving average price is $90.60 and its 200 day moving average price is $87.59.

Seagate Technology (NASDAQ:STXGet Free Report) last announced its earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. The business’s revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.43) EPS. As a group, equities analysts predict that Seagate Technology Holdings plc will post 0.4 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.80 annualized dividend and a yield of 2.91%. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

Insider Buying and Selling

In other news, SVP John Christopher Morris sold 11,158 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the transaction, the senior vice president now owns 17,767 shares in the company, valued at approximately $1,599,030. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Ban Seng Teh sold 9,703 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $95.00, for a total transaction of $921,785.00. Following the transaction, the executive vice president now owns 15,185 shares in the company, valued at approximately $1,442,575. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John Christopher Morris sold 11,158 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the transaction, the senior vice president now owns 17,767 shares in the company, valued at approximately $1,599,030. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

STX has been the subject of a number of recent analyst reports. Evercore ISI started coverage on shares of Seagate Technology in a research note on Tuesday, February 27th. They issued an “outperform” rating and a $110.00 price objective for the company. Bank of America reissued a “buy” rating and set a $110.00 target price on shares of Seagate Technology in a research note on Wednesday. The Goldman Sachs Group lifted their target price on shares of Seagate Technology from $84.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Morgan Stanley raised shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $73.00 to $115.00 in a research note on Tuesday, March 26th. Finally, Loop Capital lifted their target price on shares of Seagate Technology from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.29.

Get Our Latest Stock Report on Seagate Technology

Seagate Technology Company Profile

(Free Report)

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.

Further Reading

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

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