Xponance Inc. Has $1.51 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Xponance Inc. decreased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,636 shares of the data storage provider’s stock after selling 2,242 shares during the period. Xponance Inc.’s holdings in Seagate Technology were worth $1,506,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of STX. CWM LLC raised its holdings in Seagate Technology by 6.0% during the third quarter. CWM LLC now owns 3,311 shares of the data storage provider’s stock worth $218,000 after buying an additional 187 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in shares of Seagate Technology by 117.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,048 shares of the data storage provider’s stock worth $65,000 after acquiring an additional 565 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Seagate Technology by 4.9% in the 3rd quarter. IFP Advisors Inc now owns 3,542 shares of the data storage provider’s stock worth $234,000 after acquiring an additional 164 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Seagate Technology by 23.4% in the 3rd quarter. Global Retirement Partners LLC now owns 2,212 shares of the data storage provider’s stock worth $146,000 after acquiring an additional 419 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Seagate Technology by 23.2% in the 3rd quarter. SG Americas Securities LLC now owns 21,613 shares of the data storage provider’s stock worth $1,425,000 after acquiring an additional 4,075 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on STX. Barclays reduced their target price on shares of Seagate Technology from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday. TD Cowen upped their target price on shares of Seagate Technology from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Wedbush reiterated a “neutral” rating and issued a $100.00 target price on shares of Seagate Technology in a research note on Thursday, January 25th. Evercore ISI assumed coverage on shares of Seagate Technology in a research note on Tuesday, February 27th. They issued an “outperform” rating and a $110.00 target price for the company. Finally, Morgan Stanley upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $73.00 to $115.00 in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Hold” and an average price target of $91.73.

Seagate Technology Stock Up 1.6 %

NASDAQ STX opened at $86.53 on Wednesday. The company has a market cap of $18.13 billion, a PE ratio of -24.72, a price-to-earnings-growth ratio of 703.97 and a beta of 1.04. Seagate Technology Holdings plc has a 52 week low of $54.47 and a 52 week high of $101.26. The firm’s 50-day simple moving average is $89.29 and its two-hundred day simple moving average is $82.61.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 23rd. The data storage provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Seagate Technology’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period last year, the company earned ($0.43) earnings per share. As a group, equities research analysts anticipate that Seagate Technology Holdings plc will post 0.1 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.24%. Seagate Technology’s payout ratio is -80.00%.

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.