2,622 Shares in Seagate Technology Holdings PLC (NASDAQ:STX) Acquired by Personal CFO Solutions LLC

Personal CFO Solutions LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,622 shares of the data storage provider's stock, valued at approximately $223,000.

Several other hedge funds also recently modified their holdings of the business. M&T Bank Corp grew its stake in Seagate Technology by 2.1% in the 1st quarter. M&T Bank Corp now owns 12,193 shares of the data storage provider's stock valued at $1,035,000 after buying an additional 256 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Seagate Technology by 34.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 117,907 shares of the data storage provider's stock valued at $10,016,000 after buying an additional 30,461 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Seagate Technology by 34.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,048 shares of the data storage provider's stock valued at $89,000 after buying an additional 267 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Seagate Technology by 10.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,894 shares of the data storage provider's stock valued at $246,000 after buying an additional 275 shares during the last quarter. Finally, World Investment Advisors grew its stake in Seagate Technology by 26.5% in the 1st quarter. World Investment Advisors now owns 4,441 shares of the data storage provider's stock valued at $377,000 after buying an additional 931 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $144.66, for a total value of $2,893,200.00. Following the completion of the transaction, the chief executive officer directly owned 498,710 shares of the company's stock, valued at approximately $72,143,388.60. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ban Seng Teh sold 599 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $130.00, for a total transaction of $77,870.00. Following the completion of the transaction, the executive vice president directly owned 10,329 shares of the company's stock, valued at approximately $1,342,770. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 393,791 shares of company stock worth $47,582,998. 0.81% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on STX shares. Rosenblatt Securities reissued a "buy" rating and issued a $130.00 price target on shares of Seagate Technology in a report on Friday, May 23rd. Citigroup increased their price target on shares of Seagate Technology from $140.00 to $170.00 and gave the company a "buy" rating in a report on Friday. The Goldman Sachs Group started coverage on shares of Seagate Technology in a report on Thursday. They issued a "buy" rating and a $170.00 price target for the company. Bank of America increased their price target on shares of Seagate Technology from $135.00 to $145.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, Morgan Stanley increased their price target on shares of Seagate Technology from $99.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.53.

Seagate Technology Trading Up 1.9%

STX stock traded up $2.68 during trading on Friday, hitting $147.18. 2,868,540 shares of the stock traded hands, compared to its average volume of 3,243,835. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $152.16. The stock has a market cap of $31.23 billion, a price-to-earnings ratio of 25.09 and a beta of 1.45. The company has a 50 day simple moving average of $124.06 and a 200 day simple moving average of $101.26.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced 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 net margin of 17.49% and a negative return on equity of 105.02%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $0.33 EPS. The firm's quarterly revenue was up 30.5% on a year-over-year basis. As a group, analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology declared that its Board of Directors has authorized a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the data storage provider to repurchase up to 21.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, June 25th. Seagate Technology's dividend payout ratio is currently 41.62%.

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.