Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 42.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 299,047 shares of the data storage provider's stock after selling 219,384 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.14% of Seagate Technology worth $25,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC purchased a new stake in shares of Seagate Technology during the 3rd quarter valued at $217,000. Wilmington Savings Fund Society FSB purchased a new stake in Seagate Technology during the third quarter valued at about $54,000. Optimist Retirement Group LLC purchased a new position in shares of Seagate Technology in the 3rd quarter worth about $249,000. Tidal Investments LLC raised its holdings in shares of Seagate Technology by 21.3% in the 3rd quarter. Tidal Investments LLC now owns 5,441 shares of the data storage provider's stock worth $596,000 after purchasing an additional 956 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Seagate Technology by 36.6% in the 3rd quarter. Synovus Financial Corp now owns 4,054 shares of the data storage provider's stock valued at $444,000 after purchasing an additional 1,087 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Seagate Technology Trading Up 0.9 %

NASDAQ STX traded up $0.82 on Monday, hitting $93.89. 1,320,006 shares of the stock traded hands, compared to its average volume of 2,846,191. The stock has a 50-day moving average of $83.26 and a 200 day moving average of $92.68. Seagate Technology Holdings plc has a twelve month low of $63.19 and a twelve month high of $115.32. The company has a market capitalization of $19.88 billion, a P/E ratio of 17.18 and a beta of 1.31.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data 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. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The firm had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period last year, the business posted $0.33 earnings per share. The firm's revenue for the quarter was up 30.5% on a year-over-year basis. As a group, equities research analysts expect that Seagate Technology Holdings plc will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

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 paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 annualized dividend and a yield of 3.07%. Seagate Technology's dividend payout ratio (DPR) is 41.62%.

Wall Street Analyst Weigh In

STX has been the topic of several research reports. Rosenblatt Securities restated a "buy" rating and issued a $130.00 price target on shares of Seagate Technology in a report on Wednesday, April 30th. Wells Fargo & Company cut their target price on shares of Seagate Technology from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Bank of America decreased their price target on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Mizuho cut their price objective on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.89.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the sale, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is currently owned by corporate insiders.

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.