Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,245 shares of the data storage provider’s stock after selling 488 shares during the period. Tredje AP fonden’s holdings in Seagate Technology were worth $3,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in shares of Seagate Technology by 39.3% in the 4th quarter. Capital Research Global Investors now owns 16,614,884 shares of the data storage provider’s stock worth $1,418,413,000 after acquiring an additional 4,685,454 shares during the period. Norges Bank acquired a new stake in shares of Seagate Technology in the 4th quarter worth approximately $188,834,000. Vanguard Group Inc. lifted its stake in shares of Seagate Technology by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 24,753,076 shares of the data storage provider’s stock worth $2,303,274,000 after acquiring an additional 746,395 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Seagate Technology by 83.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,014,075 shares of the data storage provider’s stock worth $86,572,000 after acquiring an additional 460,599 shares during the period. Finally, Sanders Capital LLC lifted its stake in shares of Seagate Technology by 3.0% in the 4th quarter. Sanders Capital LLC now owns 15,486,153 shares of the data storage provider’s stock worth $1,322,053,000 after acquiring an additional 443,768 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Seagate Technology stock opened at $104.12 on Friday. The firm has a market cap of $21.92 billion, a PE ratio of -80.71 and a beta of 1.03. The firm’s 50 day moving average price is $101.20 and its two-hundred day moving average price is $96.50. Seagate Technology Holdings plc has a twelve month low of $63.32 and a twelve month high of $113.57.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.29. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. Seagate Technology had a net margin of 5.11% and a negative return on equity of 8.41%. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.29) EPS. Equities analysts anticipate that Seagate Technology Holdings plc will post 6.72 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.80 annualized dividend and a yield of 2.69%. Seagate Technology’s dividend payout ratio is presently -217.05%.

Analyst Ratings Changes

STX has been the subject of a number of research analyst reports. Mizuho upped their price target on shares of Seagate Technology from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Susquehanna increased their target price on shares of Seagate Technology from $55.00 to $65.00 and gave the company a “negative” rating in a research note on Wednesday, July 24th. Wedbush increased their target price on shares of Seagate Technology from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Morgan Stanley increased their target price on shares of Seagate Technology from $115.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.94.

Insider Buying and Selling at Seagate Technology

In other news, EVP Ban Seng Teh sold 10,117 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $110.00, for a total transaction of $1,112,870.00. Following the transaction, the executive vice president now owns 5,387 shares in the company, valued at approximately $592,570. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $93.46, for a total transaction of $1,869,200.00. Following the transaction, the chief executive officer now owns 654,270 shares in the company, valued at approximately $61,148,074.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ban Seng Teh sold 10,117 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total transaction of $1,112,870.00. Following the transaction, the executive vice president now owns 5,387 shares in the company, valued at approximately $592,570. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,627 shares of company stock worth $5,489,495. 0.89% of the stock is currently owned by company insiders.

About Seagate Technology

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.