State of Tennessee Department of Treasury Purchases 9,064 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

State of Tennessee Department of Treasury raised its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,067 shares of the data storage provider's stock after purchasing an additional 9,064 shares during the quarter. State of Tennessee Department of Treasury's holdings in Seagate Technology were worth $5,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC raised its holdings in Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after buying an additional 113 shares during the period. Human Investing LLC acquired a new stake in shares of Seagate Technology during the fourth quarter worth about $48,000. Mizuho Bank Ltd. boosted its holdings in Seagate Technology by 140.0% during the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after buying an additional 350 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Seagate Technology during the 3rd quarter valued at about $54,000. 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 hedge funds and other institutional investors.

Insider Activity at Seagate Technology

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 shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the sale, the chief executive officer now owns 555,677 shares in the company, valued at $46,988,047.12. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by company insiders.

Seagate Technology Price Performance

STX stock traded up $0.07 on Thursday, reaching $91.10. The company's stock had a trading volume of 1,676,831 shares, compared to its average volume of 2,821,459. The company has a market capitalization of $19.29 billion, a P/E ratio of 16.64 and a beta of 1.21. The firm has a fifty day moving average of $83.59 and a two-hundred day moving average of $93.22. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.15. The firm had revenue of $2.16 billion for 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 firm's quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. As a group, equities analysts expect that Seagate Technology Holdings plc will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.16%. The ex-dividend date is Wednesday, June 25th. Seagate Technology's payout ratio is presently 52.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on STX shares. Benchmark raised Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Wednesday, January 22nd. Mizuho dropped their price target on shares of Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Barclays upped their target price on Seagate Technology from $80.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday. The Goldman Sachs Group reduced their target price on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Finally, Susquehanna increased their price target on Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Seagate Technology currently has a consensus rating of "Moderate Buy" and an average price target of $114.89.

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.