Mather Group LLC. Has $725,000 Stock Position in Seagate Technology Holdings PLC (NASDAQ:STX)

Mather Group LLC. increased its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 30.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,539 shares of the data storage provider's stock after purchasing an additional 1,978 shares during the quarter. Mather Group LLC.'s holdings in Seagate Technology were worth $725,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors grew its holdings in Seagate Technology by 56.5% during the fourth quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider's stock worth $1,348,262,000 after acquiring an additional 5,640,443 shares during the period. Vanguard Group Inc. raised its holdings in Seagate Technology by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider's stock worth $2,414,446,000 after buying an additional 1,814,821 shares during the period. Marshall Wace LLP purchased a new stake in Seagate Technology during the fourth quarter valued at about $77,341,000. Junto Capital Management LP acquired a new position in shares of Seagate Technology in the fourth quarter worth about $60,303,000. Finally, Janus Henderson Group PLC increased its position in shares of Seagate Technology by 2,853.4% in the fourth quarter. Janus Henderson Group PLC now owns 670,976 shares of the data storage provider's stock worth $57,925,000 after acquiring an additional 648,257 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 70,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $109.47, for a total value of $7,662,900.00. Following the sale, the chief executive officer owned 485,677 shares of the company's stock, valued at $53,167,061.19. The trade was a 12.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gianluca Romano sold 26,816 shares of Seagate Technology stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $117.58, for a total transaction of $3,153,025.28. Following the sale, the chief financial officer owned 38,082 shares in the company, valued at approximately $4,477,681.56. This trade represents a 41.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 393,791 shares of company stock valued at $47,582,998 in the last ninety days. 0.81% of the stock is owned by company insiders.

Seagate Technology Stock Down 1.6%

Seagate Technology stock traded down $2.49 during mid-day trading on Thursday, reaching $149.45. The company had a trading volume of 3,619,715 shares, compared to its average volume of 3,178,716. The company has a 50 day moving average of $115.62 and a 200-day moving average of $98.56. The firm has a market cap of $31.72 billion, a price-to-earnings ratio of 21.60 and a beta of 1.45. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $153.72.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.15. Seagate Technology had a negative return on equity of 105.02% and a net margin of 17.49%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The company's quarterly revenue was up 30.5% compared to the same quarter last year. On average, analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology announced that its board has authorized a stock repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to purchase up to 21.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.93%. Seagate Technology's payout ratio is 41.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STX shares. Wedbush restated an "outperform" rating and issued a $140.00 price target on shares of Seagate Technology in a research report on Wednesday, May 21st. Wells Fargo & Company increased their target price on Seagate Technology from $105.00 to $122.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Morgan Stanley lifted their price target on Seagate Technology from $99.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. BNP Paribas Exane raised shares of Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research note on Friday, May 16th. Finally, Mizuho cut their price objective on shares of Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Seagate Technology has a consensus rating of "Moderate Buy" and a consensus target price of $119.42.

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.