Siemens Fonds Invest GmbH Buys 2,367 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Siemens Fonds Invest GmbH lifted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 116.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,392 shares of the data storage provider's stock after acquiring an additional 2,367 shares during the period. Siemens Fonds Invest GmbH's holdings in Seagate Technology were worth $379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in shares of Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after acquiring an additional 113 shares in the last quarter. Human Investing LLC purchased a new stake in shares of Seagate Technology in the fourth quarter valued at about $48,000. Mizuho Bank Ltd. raised its holdings in shares of Seagate Technology by 140.0% in the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock valued at $52,000 after purchasing an additional 350 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Seagate Technology by 22.7% in the fourth quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider's stock valued at $52,000 after purchasing an additional 112 shares during the last quarter. Finally, S.A. Mason LLC purchased a new stake in shares of Seagate Technology in the fourth quarter valued at about $55,000. 92.87% of the stock is owned by institutional investors.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the sale, the chief executive officer now directly owns 555,677 shares in the company, valued at $46,988,047.12. This represents a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by company insiders.

Seagate Technology Price Performance

NASDAQ:STX traded down $2.07 on Tuesday, reaching $106.97. 3,404,138 shares of the company's stock were exchanged, compared to its average volume of 2,925,765. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 19.56 and a beta of 1.32. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32. The stock has a fifty day simple moving average of $85.44 and a 200-day simple moving average of $92.52.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.15. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The company's quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. As a group, sell-side analysts predict that Seagate Technology Holdings plc will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Wednesday, June 25th will be given a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.69%. Seagate Technology's dividend payout ratio (DPR) is currently 41.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STX. Cantor Fitzgerald increased their target price on shares of Seagate Technology from $110.00 to $125.00 and gave the company a "neutral" rating in a report on Monday. BNP Paribas Exane upgraded shares of Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a report on Friday. Citigroup increased their target price on shares of Seagate Technology from $105.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday. Summit Insights upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, Benchmark upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average target price of $116.21.

About Seagate Technology

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.