Lido Advisors LLC Boosts Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Lido Advisors LLC boosted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 55.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,111 shares of the data storage provider's stock after purchasing an additional 4,320 shares during the quarter. Lido Advisors LLC's holdings in Seagate Technology were worth $1,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Seagate Technology by 9.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider's stock valued at $4,215,000 after purchasing an additional 4,229 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Seagate Technology by 87.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider's stock valued at $740,000 after buying an additional 4,014 shares during the period. Norges Bank purchased a new position in shares of Seagate Technology in the 4th quarter worth $25,729,000. Asset Management One Co. Ltd. grew its holdings in shares of Seagate Technology by 9.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider's stock worth $7,360,000 after acquiring an additional 7,599 shares during the period. Finally, Rheos Capital Works Inc. increased its position in Seagate Technology by 2.5% during the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider's stock valued at $28,612,000 after acquiring an additional 8,000 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $93.07 on Friday. The stock has a 50 day moving average price of $83.26 and a 200-day moving average price of $92.95. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 17.01 and a beta of 1.31.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.15. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. The business's revenue was up 30.5% compared to the same quarter last year. Sell-side analysts predict that Seagate Technology Holdings plc will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be paid 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 yield of 3.09%. Seagate Technology's payout ratio is 41.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Northland Securities restated an "outperform" rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Summit Insights upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Wedbush reissued an "outperform" rating and set a $140.00 price target (down previously from $150.00) on shares of Seagate Technology in a report on Wednesday. UBS Group lifted their price target on shares of Seagate Technology from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $130.00 price target on shares of Seagate Technology in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Seagate Technology has a consensus rating of "Moderate Buy" and a consensus target price of $114.89.

Insider Activity

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

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.

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