Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Kwmg LLC

Kwmg LLC raised its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 9.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 64,434 shares of the data storage provider’s stock after purchasing an additional 5,413 shares during the quarter. Kwmg LLC’s holdings in Seagate Technology were worth $3,987,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clear Street Markets LLC lifted its holdings in shares of Seagate Technology by 18.2% in the 1st quarter. Clear Street Markets LLC now owns 1,175 shares of the data storage provider’s stock worth $78,000 after purchasing an additional 181 shares during the last quarter. Ronald Blue Trust Inc. raised its stake in Seagate Technology by 13.3% during the 1st quarter. Ronald Blue Trust Inc. now owns 1,637 shares of the data storage provider’s stock valued at $86,000 after acquiring an additional 192 shares in the last quarter. Creative Planning raised its stake in Seagate Technology by 0.6% during the 4th quarter. Creative Planning now owns 36,783 shares of the data storage provider’s stock valued at $1,935,000 after acquiring an additional 229 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Seagate Technology by 3.6% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,999 shares of the data storage provider’s stock valued at $373,000 after acquiring an additional 246 shares in the last quarter. Finally, Freestone Capital Holdings LLC raised its stake in Seagate Technology by 1.4% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,578 shares of the data storage provider’s stock valued at $1,228,000 after acquiring an additional 261 shares in the last quarter. Institutional investors and hedge funds own 85.26% of the company’s stock.

Insider Activity

In related news, CEO William D. Mosley sold 200,000 shares of Seagate Technology 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 completion of the sale, the chief executive officer now owns 616,309 shares of the company’s stock, valued at $43,314,196.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO William D. Mosley sold 200,000 shares of Seagate Technology 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 completion of the sale, the chief executive officer now owns 616,309 shares of the company’s stock, valued at $43,314,196.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Katherine Schuelke sold 7,832 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $63.10, for a total value of $494,199.20. Following the completion of the sale, the senior vice president now directly owns 28,812 shares of the company’s stock, valued at approximately $1,818,037.20. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on STX shares. Mizuho cut their target price on Seagate Technology from $69.00 to $66.00 in a research note on Thursday, July 27th. Susquehanna lifted their price target on Seagate Technology from $33.00 to $40.00 in a research report on Thursday, July 27th. StockNews.com upgraded Seagate Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Summit Insights cut Seagate Technology from a “buy” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Wedbush reiterated a “neutral” rating and set a $55.00 price target on shares of Seagate Technology in a research report on Wednesday, September 6th. Two 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.28.

Seagate Technology Stock Performance

Shares of STX stock traded down $0.50 on Friday, reaching $63.75. 3,973,813 shares of the company’s stock traded hands, compared to its average volume of 3,197,358. Seagate Technology Holdings plc has a 12-month low of $47.47 and a 12-month high of $74.51. The company has a market capitalization of $13.25 billion, a P/E ratio of -25.00 and a beta of 1.08. The business’s 50 day moving average price is $64.72 and its two-hundred day moving average price is $62.64.

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

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 26th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, September 25th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.39%. Seagate Technology’s dividend payout ratio is -109.80%.

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.