Centiva Capital LP Invests $566,000 in Seagate Technology Holdings plc (NASDAQ:STX)

Centiva Capital LP acquired a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 6,561 shares of the data storage provider’s stock, valued at approximately $566,000.

Several other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP grew its holdings in Seagate Technology by 84.8% during the fourth quarter. Bayesian Capital Management LP now owns 25,693 shares of the data storage provider’s stock worth $2,218,000 after acquiring an additional 11,789 shares during the period. AXA S.A. increased its holdings in shares of Seagate Technology by 465.4% in the 4th quarter. AXA S.A. now owns 19,150 shares of the data storage provider’s stock valued at $1,653,000 after purchasing an additional 15,763 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in Seagate Technology by 2,668.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 108,242 shares of the data storage provider’s stock worth $9,342,000 after buying an additional 104,332 shares in the last quarter. AQR Capital Management LLC increased its holdings in Seagate Technology by 10.3% in the fourth quarter. AQR Capital Management LLC now owns 675,743 shares of the data storage provider’s stock valued at $58,323,000 after buying an additional 63,142 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in shares of Seagate Technology by 55.4% during the 4th quarter. Lido Advisors LLC now owns 12,111 shares of the data storage provider’s stock valued at $1,054,000 after acquiring an additional 4,320 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the transaction, the chief executive officer now directly owns 555,677 shares of the company’s stock, valued at approximately $46,988,047.12. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.81% of the company’s stock.

Seagate Technology Stock Down 0.6 %

Shares of STX opened at $95.71 on Friday. The firm has a market cap of $20.26 billion, a PE ratio of 17.50 and a beta of 1.32. The company’s fifty day moving average is $82.82 and its two-hundred day moving average is $92.35. Seagate Technology Holdings plc has a fifty-two week low of $63.19 and a fifty-two week high of $115.32.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, equities research analysts anticipate that Seagate Technology Holdings plc will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 annualized dividend and a yield of 3.01%. Seagate Technology’s dividend payout ratio is currently 41.62%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on STX shares. Mizuho dropped their price objective on Seagate Technology from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Seagate Technology in a research note on Wednesday, April 30th. Bank of America lowered their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Finally, UBS Group raised their price objective on shares of Seagate Technology from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.89.

Seagate Technology 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.