Retirement Systems of Alabama Buys 130 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Retirement Systems of Alabama raised its stake in shares of Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,005 shares of the data storage provider’s stock after purchasing an additional 130 shares during the period. Retirement Systems of Alabama’s holdings in Seagate Technology were worth $4,002,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. HB Wealth Management LLC raised its position in Seagate Technology by 18.0% during the 1st quarter. HB Wealth Management LLC now owns 2,799 shares of the data storage provider’s stock worth $260,000 after purchasing an additional 427 shares during the last quarter. Concord Wealth Partners raised its position in shares of Seagate Technology by 90.0% in the 1st quarter. Concord Wealth Partners now owns 1,900 shares of the data storage provider’s stock worth $177,000 after acquiring an additional 900 shares in the last quarter. Vest Financial LLC bought a new position in shares of Seagate Technology in the 1st quarter worth about $204,000. Commonwealth Equity Services LLC raised its position in shares of Seagate Technology by 2.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 83,720 shares of the data storage provider’s stock worth $7,790,000 after acquiring an additional 1,682 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Seagate Technology by 1.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 8,446 shares of the data storage provider’s stock worth $786,000 after acquiring an additional 126 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Trading Up 0.7 %

STX stock opened at $102.04 on Friday. Seagate Technology Holdings plc has a 52-week low of $57.32 and a 52-week high of $107.91. The business has a 50-day simple moving average of $96.98 and a two-hundred day simple moving average of $90.83.

Seagate Technology (NASDAQ:STXGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted ($0.43) EPS. Seagate Technology’s revenue for the quarter was down 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Seagate Technology Holdings plc will post 0.44 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 20th were paid a $0.70 dividend. The ex-dividend date was Thursday, June 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.74%. Seagate Technology’s payout ratio is presently -217.05%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on STX shares. UBS Group lifted their price objective on Seagate Technology from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Citigroup started coverage on Seagate Technology in a research report on Tuesday, May 14th. They issued a “buy” rating and a $110.00 price objective for the company. Benchmark reissued a “hold” rating on shares of Seagate Technology in a research report on Wednesday, April 24th. Wedbush raised Seagate Technology from a “neutral” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Wednesday, May 1st. Finally, Susquehanna lifted their price objective on Seagate Technology from $50.00 to $55.00 and gave the stock a “negative” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.29.

Check Out Our Latest Stock Analysis on Seagate Technology

Insider Transactions at Seagate Technology

In other news, SVP John Christopher Morris sold 11,158 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Ban Seng Teh sold 10,742 shares of Seagate Technology stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $100.00, for a total value of $1,074,200.00. Following the sale, the executive vice president now owns 5,042 shares of the company’s stock, valued at approximately $504,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Christopher Morris sold 11,158 shares of Seagate Technology stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 17,767 shares in the company, valued at approximately $1,599,030. The disclosure for this sale can be found here. Insiders have sold 37,531 shares of company stock worth $3,592,946 in the last 90 days. Insiders own 0.89% of the company’s stock.

About Seagate Technology

(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.

See Also

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

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