Pacer Advisors Inc. decreased its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 82.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 19,390 shares of the data storage provider's stock after selling 88,535 shares during the period. Pacer Advisors Inc.'s holdings in Seagate Technology were worth $1,655,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Panagora Asset Management Inc. raised its stake in shares of Seagate Technology by 65.3% during the 1st quarter. Panagora Asset Management Inc. now owns 11,805 shares of the data storage provider's stock worth $1,061,000 after purchasing an additional 4,663 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Seagate Technology by 0.6% during the 1st quarter. Rhumbline Advisers now owns 182,883 shares of the data storage provider's stock worth $16,441,000 after purchasing an additional 1,037 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Seagate Technology by 4.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,946 shares of the data storage provider's stock worth $2,422,000 after purchasing an additional 1,237 shares in the last quarter. Sei Investments Co. raised its stake in shares of Seagate Technology by 153.5% during the 1st quarter. Sei Investments Co. now owns 89,250 shares of the data storage provider's stock worth $8,059,000 after purchasing an additional 54,038 shares in the last quarter. Finally, Aviva PLC increased its holdings in shares of Seagate Technology by 44.3% during the 1st quarter. Aviva PLC now owns 95,541 shares of the data storage provider's stock worth $8,589,000 after acquiring an additional 29,329 shares during the last quarter. Institutional investors own 92.87% of the company's stock.
Seagate Technology Price Performance
Shares of STX stock traded down $1.53 on Friday, hitting $93.05. 3,296,312 shares of the company's stock were exchanged, compared to its average volume of 3,513,428. Seagate Technology Holdings plc has a 12 month low of $54.32 and a 12 month high of $101.26. The stock has a market cap of $19.49 billion, a P/E ratio of -26.59, a price-to-earnings-growth ratio of 3,845.04 and a beta of 1.05. The company has a 50 day moving average of $89.50 and a 200 day moving average of $79.96.
Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.19. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Sell-side analysts predict that Seagate Technology Holdings plc will post 0.02 EPS for the current fiscal year.
Seagate Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $2.80 annualized dividend and a yield of 3.01%. Seagate Technology's dividend payout ratio is presently -80.00%.
Analyst Ratings Changes
A number of research firms recently weighed in on STX. Robert W. Baird boosted their target price on Seagate Technology from $70.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Wells Fargo & Company boosted their target price on Seagate Technology from $80.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, February 1st. Wedbush reissued a "neutral" rating and set a $100.00 target price on shares of Seagate Technology in a report on Thursday, January 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $95.00 price objective on shares of Seagate Technology in a report on Monday, March 4th. Finally, Bank of America upped their price objective on Seagate Technology from $80.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $84.17.
Read Our Latest Report on STX
Seagate Technology Company Profile
(
Free Report)
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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