AlphaCrest Capital Management LLC Sells 924 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

AlphaCrest Capital Management LLC lowered its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STXGet Rating) by 8.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,506 shares of the data storage provider’s stock after selling 924 shares during the period. AlphaCrest Capital Management LLC’s holdings in Seagate Technology were worth $1,187,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. FSB Premier Wealth Management Inc. acquired a new stake in Seagate Technology during the fourth quarter worth approximately $26,000. Old North State Trust LLC lifted its position in Seagate Technology by 43.0% during the fourth quarter. Old North State Trust LLC now owns 426 shares of the data storage provider’s stock worth $48,000 after acquiring an additional 128 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in Seagate Technology by 41.1% during the fourth quarter. Carroll Financial Associates Inc. now owns 446 shares of the data storage provider’s stock worth $50,000 after acquiring an additional 130 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in Seagate Technology during the third quarter worth approximately $41,000. Finally, Gradient Investments LLC acquired a new stake in Seagate Technology during the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

In other news, Director Stephen J. Luczo sold 50,000 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $103.26, for a total transaction of $5,163,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Holdings L.P. Valueact sold 272,297 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $108.01, for a total transaction of $29,410,798.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,072,297 shares of company stock worth $223,573,799. 0.81% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on STX shares. Barclays dropped their price target on shares of Seagate Technology from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Argus lifted their price target on shares of Seagate Technology from $105.00 to $130.00 in a research report on Friday, January 28th. Morgan Stanley dropped their price target on shares of Seagate Technology from $101.00 to $99.00 and set an “equal weight” rating for the company in a research report on Thursday, March 31st. Finally, Susquehanna Bancshares lifted their price target on shares of Seagate Technology from $65.00 to $67.00 in a research report on Thursday, April 28th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Buy” and an average target price of $103.04.

Shares of Seagate Technology stock opened at $80.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 13.33. Seagate Technology Holdings plc has a twelve month low of $76.28 and a twelve month high of $117.67. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 8.47 and a beta of 1.01. The company’s fifty day moving average is $86.30 and its 200 day moving average is $98.49.

Seagate Technology (NASDAQ:STXGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The data storage provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.07. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Seagate Technology had a net margin of 15.40% and a return on equity of 339.73%. Seagate Technology’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. As a group, equities analysts anticipate that Seagate Technology Holdings plc will post 7.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Friday, June 24th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a $2.80 annualized dividend and a yield of 3.47%. Seagate Technology’s payout ratio is 34.40%.

About Seagate Technology (Get Rating)

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI, and non-volatile memory express products; solid state hybrid drives; and storage subsystems.

See Also

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings plc (NASDAQ:STXGet Rating).

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

Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.