Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 66.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,698 shares of the data storage provider’s stock after buying an additional 25,126 shares during the quarter. Graham Capital Management L.P.’s holdings in Seagate Technology were worth $5,411,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Focus Partners Wealth boosted its stake in shares of Seagate Technology by 81.3% during the 4th quarter. Focus Partners Wealth now owns 14,457 shares of the data storage provider’s stock worth $1,274,000 after acquiring an additional 6,483 shares in the last quarter. Ethic Inc. raised its position in shares of Seagate Technology by 7.7% during the fourth quarter. Ethic Inc. now owns 18,592 shares of the data storage provider’s stock worth $1,605,000 after purchasing an additional 1,324 shares during the period. Deutsche Bank AG lifted its holdings in shares of Seagate Technology by 53.7% during the fourth quarter. Deutsche Bank AG now owns 1,130,761 shares of the data storage provider’s stock valued at $97,596,000 after purchasing an additional 394,908 shares during the last quarter. DigitalBridge Group Inc. boosted its position in shares of Seagate Technology by 69.0% in the 4th quarter. DigitalBridge Group Inc. now owns 478,490 shares of the data storage provider’s stock valued at $41,298,000 after purchasing an additional 195,282 shares during the period. Finally, Cetera Investment Advisers increased its stake in Seagate Technology by 3.8% in the 4th quarter. Cetera Investment Advisers now owns 55,069 shares of the data storage provider’s stock worth $4,753,000 after purchasing an additional 2,038 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on STX shares. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company decreased their price objective on shares of Seagate Technology from $120.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Barclays boosted their target price on shares of Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Northland Securities restated an “outperform” rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Finally, Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $114.89.

Seagate Technology Price Performance

NASDAQ STX opened at $95.71 on Friday. Seagate Technology Holdings plc has a fifty-two week low of $63.19 and a fifty-two week high of $115.32. The stock’s 50-day moving average is $82.82 and its two-hundred day moving average is $92.35. The firm has a market cap of $20.26 billion, a P/E ratio of 17.50 and a beta of 1.32.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business earned $0.33 EPS. The firm’s revenue was up 30.5% compared to the same quarter last year. On average, equities analysts expect that Seagate Technology Holdings plc will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a yield of 3.01%. Seagate Technology’s payout ratio is presently 41.62%.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total value of $1,691,200.00. Following the transaction, the chief executive officer now directly owns 555,677 shares of the company’s stock, valued at $46,988,047.12. The trade was a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.81% of the company’s stock.

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.