Seagate Technology Holdings plc (NASDAQ:STX) Stock Holdings Trimmed by Creative Planning

Creative Planning reduced its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,489 shares of the data storage provider’s stock after selling 224 shares during the period. Creative Planning’s holdings in Seagate Technology were worth $5,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Park Avenue Securities LLC increased its holdings in shares of Seagate Technology by 7.1% in the first quarter. Park Avenue Securities LLC now owns 5,590 shares of the data storage provider’s stock valued at $520,000 after buying an additional 371 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Seagate Technology by 269.1% in the first quarter. Sunbelt Securities Inc. now owns 753 shares of the data storage provider’s stock worth $70,000 after purchasing an additional 549 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Seagate Technology by 20.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,105 shares of the data storage provider’s stock valued at $1,219,000 after purchasing an additional 2,217 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Seagate Technology by 40.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 11,708 shares of the data storage provider’s stock worth $1,089,000 after buying an additional 3,386 shares during the period. Finally, Vicus Capital bought a new position in Seagate Technology in the 1st quarter worth approximately $254,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Seagate Technology

In related news, SVP John Christopher Morris sold 1,131 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $111.90, for a total transaction of $126,558.90. Following the transaction, the senior vice president now directly owns 7,191 shares of the company’s stock, valued at approximately $804,672.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP John Christopher Morris sold 1,131 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $111.90, for a total value of $126,558.90. Following the completion of the sale, the senior vice president now directly owns 7,191 shares of the company’s stock, valued at $804,672.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total value of $72,075.00. Following the completion of the sale, the director now directly owns 3,034 shares of the company’s stock, valued at approximately $291,567.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 218,398 shares of company stock valued at $23,238,106. Corporate insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on STX shares. Northland Securities boosted their price objective on Seagate Technology from $142.00 to $144.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group boosted their target price on Seagate Technology from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Barclays upped their price objective on Seagate Technology from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. StockNews.com upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Finally, Evercore ISI upped their price objective on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.83.

Seagate Technology Trading Up 0.4 %

Shares of NASDAQ STX opened at $103.98 on Friday. The business’s 50 day moving average is $105.13 and its 200-day moving average is $99.58. Seagate Technology Holdings plc has a 1-year low of $64.12 and a 1-year high of $115.32. The firm has a market cap of $21.83 billion, a P/E ratio of -80.60 and a beta of 1.04.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.28. Seagate Technology had a negative return on equity of 30.18% and a net margin of 11.34%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the business posted ($0.34) EPS. Seagate Technology’s revenue for the quarter was up 49.1% on a year-over-year basis. Analysts forecast that Seagate Technology Holdings plc will post 7.09 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, December 13th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a yield of 2.77%. Seagate Technology’s payout ratio is presently -217.05%.

Seagate Technology Company Profile

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.