Kestra Private Wealth Services LLC lifted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX – Get Rating) by 4.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,073 shares of the data storage provider’s stock after purchasing an additional 183 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Seagate Technology were worth $366,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Tyler Stone Wealth Management acquired a new stake in shares of Seagate Technology during the fourth quarter worth $28,000. Chilton Capital Management LLC acquired a new stake in Seagate Technology in the fourth quarter worth $33,000. Key Financial Inc acquired a new stake in Seagate Technology in the first quarter worth $36,000. CENTRAL TRUST Co acquired a new stake in Seagate Technology in the first quarter worth $54,000. Finally, GoalVest Advisory LLC acquired a new stake in Seagate Technology in the first quarter worth $55,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have commented on STX shares. The Goldman Sachs Group reduced their price target on shares of Seagate Technology from $106.00 to $80.00 in a report on Friday, July 15th. Bank of America reduced their price target on shares of Seagate Technology from $110.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, September 1st. Credit Suisse Group dropped their price objective on shares of Seagate Technology from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, September 1st. Rosenblatt Securities dropped their price objective on shares of Seagate Technology from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 1st. Finally, Benchmark lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $80.48.
Seagate Technology Stock Performance
Seagate Technology (NASDAQ:STX – Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The data storage provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.33). Seagate Technology had a return on equity of 412.90% and a net margin of 14.14%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the business posted $1.92 EPS. On average, research analysts predict that Seagate Technology Holdings plc will post 4.95 EPS for the current year.
Seagate Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 21st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.67%. Seagate Technology’s payout ratio is 38.15%.
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.
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