Robeco Institutional Asset Management B.V. Has $5.76 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Robeco Institutional Asset Management B.V. decreased its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 73.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,417 shares of the data storage provider's stock after selling 187,466 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Seagate Technology were worth $5,755,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Seagate Technology by 13.1% during the 3rd quarter. FMR LLC now owns 13,929,708 shares of the data storage provider's stock worth $918,664,000 after buying an additional 1,612,264 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Seagate Technology by 9.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,680,400 shares of the data storage provider's stock worth $1,166,022,000 after buying an additional 1,485,937 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Seagate Technology by 24.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,410,163 shares of the data storage provider's stock worth $158,950,000 after buying an additional 470,592 shares during the last quarter. Linden Advisors LP acquired a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $26,591,000. Finally, Tudor Investment Corp Et Al increased its holdings in shares of Seagate Technology by 1,469.1% during the 3rd quarter. Tudor Investment Corp Et Al now owns 214,110 shares of the data storage provider's stock worth $14,121,000 after buying an additional 229,749 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Performance

Shares of STX stock traded down $3.21 on Tuesday, hitting $93.60. The stock had a trading volume of 3,083,973 shares, compared to its average volume of 2,721,461. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of -75.05, a P/E/G ratio of 194.89 and a beta of 1.06. The stock's 50 day moving average is $89.24 and its 200-day moving average is $85.65. Seagate Technology Holdings plc has a 52-week low of $57.06 and a 52-week high of $101.26.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.68 billion. Seagate Technology's revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.43) earnings per share. Equities analysts expect that Seagate Technology Holdings plc will post 0.4 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 20th will be paid 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 yield of 2.99%. Seagate Technology's dividend payout ratio (DPR) is -217.05%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, SVP John Christopher Morris sold 11,158 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the sale, the senior vice president now directly owns 17,767 shares of the company's stock, valued at $1,599,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Ban Seng Teh sold 9,703 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $95.00, for a total value of $921,785.00. Following the sale, the executive vice president now owns 15,185 shares of the company's stock, valued at approximately $1,442,575. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Christopher Morris sold 11,158 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the completion of the sale, the senior vice president now directly owns 17,767 shares in the company, valued at approximately $1,599,030. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STX. Wedbush raised shares of Seagate Technology from a "neutral" rating to an "outperform" rating and set a $100.00 price objective for the company in a research report on Wednesday, May 1st. UBS Group increased their price objective on shares of Seagate Technology from $90.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Benchmark reaffirmed a "hold" rating on shares of Seagate Technology in a research report on Wednesday, April 24th. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Finally, Citigroup assumed coverage on shares of Seagate Technology in a research report on Tuesday, May 14th. They set a "buy" rating and a $110.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $95.50.

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.