Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,383 shares of the data storage provider’s stock after selling 2,104 shares during the quarter. Pacer Advisors Inc.’s holdings in Seagate Technology were worth $1,692,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. CWM LLC increased its position in shares of Seagate Technology by 3.0% in the second quarter. CWM LLC now owns 3,307 shares of the data storage provider’s stock valued at $342,000 after buying an additional 97 shares in the last quarter. Csenge Advisory Group increased its position in shares of Seagate Technology by 1.4% during the first quarter. Csenge Advisory Group now owns 8,473 shares of the data storage provider’s stock worth $788,000 after purchasing an additional 119 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in Seagate Technology by 3.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 3,452 shares of the data storage provider’s stock valued at $357,000 after buying an additional 122 shares in the last quarter. Burney Co. grew its holdings in Seagate Technology by 3.3% in the 1st quarter. Burney Co. now owns 3,948 shares of the data storage provider’s stock valued at $367,000 after buying an additional 125 shares in the last quarter. Finally, Forum Financial Management LP grew its holdings in Seagate Technology by 4.0% in the 2nd quarter. Forum Financial Management LP now owns 3,228 shares of the data storage provider’s stock valued at $333,000 after buying an additional 125 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STX has been the subject of several analyst reports. Loop Capital upped their target price on Seagate Technology from $105.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Benchmark reaffirmed a “hold” rating on shares of Seagate Technology in a research note on Wednesday, July 24th. Rosenblatt Securities upped their price target on Seagate Technology from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their price target on Seagate Technology from $96.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley upped their price target on Seagate Technology from $115.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Hold” and a consensus target price of $115.94.

Seagate Technology Price Performance

STX stock opened at $110.76 on Friday. The firm has a market capitalization of $23.26 billion, a P/E ratio of -85.86 and a beta of 1.03. The business’s 50-day moving average is $101.25 and its two-hundred day moving average is $96.90. Seagate Technology Holdings plc has a 1 year low of $63.88 and a 1 year high of $113.57.

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

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 23rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, September 23rd. Seagate Technology’s dividend payout ratio is currently -217.05%.

Insider Buying and Selling at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total value of $72,075.00. Following the transaction, the director now owns 3,034 shares in the company, valued at approximately $291,567.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total value of $72,075.00. Following the transaction, the director now owns 3,034 shares in the company, valued at approximately $291,567.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gianluca Romano sold 25,760 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $94.54, for a total value of $2,435,350.40. Following the completion of the transaction, the chief financial officer now owns 52,620 shares in the company, valued at approximately $4,974,694.80. The disclosure for this sale can be found here. Insiders have sold 56,627 shares of company stock valued at $5,489,495 in the last quarter. Corporate insiders own 0.89% of the company’s stock.

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.