Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 203.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,460 shares of the data storage provider's stock after purchasing an additional 35,146 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Seagate Technology were worth $4,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of STX. CWM LLC grew its stake in Seagate Technology by 6.0% during the third quarter. CWM LLC now owns 3,311 shares of the data storage provider's stock valued at $218,000 after acquiring an additional 187 shares in the last quarter. IFP Advisors Inc grew its stake in Seagate Technology by 4.9% during the third quarter. IFP Advisors Inc now owns 3,542 shares of the data storage provider's stock valued at $234,000 after acquiring an additional 164 shares in the last quarter. Global Retirement Partners LLC lifted its position in Seagate Technology by 23.4% during the third quarter. Global Retirement Partners LLC now owns 2,212 shares of the data storage provider's stock valued at $146,000 after purchasing an additional 419 shares during the last quarter. SG Americas Securities LLC lifted its position in Seagate Technology by 23.2% during the third quarter. SG Americas Securities LLC now owns 21,613 shares of the data storage provider's stock valued at $1,425,000 after purchasing an additional 4,075 shares during the last quarter. Finally, Czech National Bank lifted its position in Seagate Technology by 47.8% during the third quarter. Czech National Bank now owns 33,711 shares of the data storage provider's stock valued at $2,223,000 after purchasing an additional 10,910 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Up 0.2 %

Seagate Technology stock traded up $0.15 during mid-day trading on Thursday, hitting $87.26. The company had a trading volume of 3,164,158 shares, compared to its average volume of 2,859,756. The stock has a market cap of $18.28 billion, a price-to-earnings ratio of -68.02, a PEG ratio of 715.12 and a beta of 1.04. Seagate Technology Holdings plc has a 1 year low of $54.47 and a 1 year high of $101.26. The business has a fifty day moving average of $89.30 and a 200 day moving average of $82.64.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.68 billion. The business's revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) earnings per share. Equities analysts anticipate that Seagate Technology Holdings plc will post 0.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, June 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.21%. Seagate Technology's dividend payout ratio (DPR) is presently -217.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Seagate Technology from $85.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday. Evercore ISI initiated coverage on shares of Seagate Technology in a report on Tuesday, February 27th. They issued an "outperform" rating and a $110.00 target price for the company. Morgan Stanley upgraded shares of Seagate Technology from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $73.00 to $115.00 in a research note on Tuesday, March 26th. Cantor Fitzgerald boosted their price target on shares of Seagate Technology from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Mizuho reissued a "buy" rating and issued a $100.00 price target on shares of Seagate Technology in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Seagate Technology has an average rating of "Hold" and an average price target of $94.53.

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.