Radnor Capital Management LLC Has $433,000 Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Radnor Capital Management LLC decreased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 50.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,000 shares of the data storage provider’s stock after selling 7,000 shares during the quarter. Radnor Capital Management LLC’s holdings in Seagate Technology were worth $433,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in STX. Panagora Asset Management Inc. boosted its holdings in Seagate Technology by 65.3% during the first quarter. Panagora Asset Management Inc. now owns 11,805 shares of the data storage provider’s stock worth $1,061,000 after purchasing an additional 4,663 shares during the last quarter. Rhumbline Advisers lifted its stake in Seagate Technology by 0.6% in the first quarter. Rhumbline Advisers now owns 182,883 shares of the data storage provider’s stock valued at $16,441,000 after acquiring an additional 1,037 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Seagate Technology by 4.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,946 shares of the data storage provider’s stock valued at $2,422,000 after acquiring an additional 1,237 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Seagate Technology by 153.5% during the 1st quarter. Sei Investments Co. now owns 89,250 shares of the data storage provider’s stock worth $8,059,000 after buying an additional 54,038 shares during the last quarter. Finally, Aviva PLC grew its stake in Seagate Technology by 44.3% in the 1st quarter. Aviva PLC now owns 95,541 shares of the data storage provider’s stock valued at $8,589,000 after buying an additional 29,329 shares during the last quarter. Institutional investors and hedge funds own 85.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STX shares. Bank of America reduced their price objective on Seagate Technology from $71.00 to $70.00 in a report on Thursday, June 8th. Summit Insights lowered Seagate Technology from a “buy” rating to a “sell” rating in a report on Thursday, July 27th. StockNews.com raised Seagate Technology from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Barclays lowered Seagate Technology from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Thursday, September 7th. Finally, Wedbush reissued a “neutral” rating and set a $55.00 target price on shares of Seagate Technology in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Seagate Technology currently has an average rating of “Hold” and an average price target of $62.28.

Seagate Technology Stock Performance

Shares of STX traded up $0.24 during mid-day trading on Friday, hitting $64.49. The stock had a trading volume of 612,740 shares, compared to its average volume of 2,517,344. The business has a fifty day moving average price of $64.65 and a 200-day moving average price of $62.64. Seagate Technology Holdings plc has a 52 week low of $47.47 and a 52 week high of $74.51.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Wednesday, July 26th. The data storage provider reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.05. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.68 billion. Seagate Technology had a negative return on equity of 69.08% and a negative net margin of 7.16%. The business’s revenue was down 39.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 earnings per share. On average, equities research analysts forecast that Seagate Technology Holdings plc will post -0.29 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, September 25th. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. Seagate Technology’s payout ratio is presently -109.80%.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 200,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $70.28, for a total transaction of $14,056,000.00. Following the sale, the chief executive officer now directly owns 616,309 shares in the company, valued at approximately $43,314,196.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.