Yousif Capital Management LLC lowered its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX – Get Rating ) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. & Exchange Commission. The fund owned 31,656 shares of the data storage provider’s stock after selling 1,559 shares during the quarter. Yousif Capital Management LLC’s holdings in Seagate Technology were worth $1,685,000 at the end of the most recent quarter.
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Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STX. JPMorgan Chase & Co. increased its stake in Seagate Technology by 10.8% during the second quarter. JPMorgan Chase & Co. now owns 14,358,118 shares of the data storage provider’s stock worth $1,025,744,000 after acquiring an additional 1,400,931 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Seagate Technology in the second quarter worth $83,163,000. FMR LLC grew its stake in shares of Seagate Technology by 14.5% in the second quarter. FMR LLC now owns 8,827,629 shares of the data storage provider’s stock worth $630,645,000 after buying an additional 1,118,373 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Seagate Technology in the second quarter worth $32,456,000. Finally, National Bank of Canada FI boosted its stake in shares of Seagate Technology by 1,823.8% in the third quarter. National Bank of Canada FI now owns 469,110 shares of the data storage provider’s stock worth $24,959,000 after buying an additional 444,725 shares in the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.
Seagate Technology Stock Up 4.0 %
Seagate Technology stock opened at $70.49 on Thursday. Seagate Technology Holdings plc has a fifty-two week low of $47.47 and a fifty-two week high of $113.50. The company has a debt-to-equity ratio of 46.44, a quick ratio of 0.69 and a current ratio of 1.13. The company has a market capitalization of $14.55 billion, a P/E ratio of 25.09, a PEG ratio of 53.86 and a beta of 1.06. The stock has a 50-day simple moving average of $55.86 and a 200-day simple moving average of $61.39.
Seagate Technology (NASDAQ:STX – Get Rating) last posted its quarterly earnings data on Wednesday, January 25. The data storage provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.83 billion. Seagate Technology has a negative return on equity of 1,031.05% and a net margin of 6.61%. The company’s revenue was down 39.4% compared to the same quarter last year. During the same period last year, the business earned $2.28 EPS. equities research analysts anticipate that Seagate Technology Holdings plc will post 1.04 earnings per share for the current year.
Seagate Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Wednesday, March 22nd will be paid a dividend of $0.70 per share. It pays a $2.80 annual dividend and yields 3.97%. The ex-dividend date of this dividend is Tuesday, March 21. Seagate Technology’s dividend payout ratio is 99.64%.
Analyst Changes
A number of brokerages have recently weighed in on STX. Goldman Sachs Group boosted their price objective on Seagate Technology from $61.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, January 27th. Mizuho lowered their price objective on Seagate Technology from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, October 27th. Wedbush boosted their target price on Seagate Technology from $45.00 to $55.00 in a research note on Thursday, January 26th. Evercore ISI boosted their target price on Seagate Technology from $60.00 to $70.00 in a research note on Thursday, January 26th. Finally, Barclays boosted their target price on Seagate Technology from $70.00 to $75.00 in a research note on Thursday, January 26th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.75.
Seagate Technology Company Profile
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Seagate Technology Holdings Plc operates as a holding company engaged in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions.
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