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

Brighton Jones LLC increased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,754 shares of the data storage provider’s stock after buying an additional 150 shares during the period. Brighton Jones LLC’s holdings in Seagate Technology were worth $1,601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC boosted its position in Seagate Technology by 3.9% during the fourth quarter. CWM LLC now owns 3,441 shares of the data storage provider’s stock worth $294,000 after acquiring an additional 130 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Seagate Technology by 39.7% in the 4th quarter. Valley National Advisers Inc. now owns 507 shares of the data storage provider’s stock valued at $43,000 after purchasing an additional 144 shares during the last quarter. NewEdge Wealth LLC boosted its holdings in Seagate Technology by 3.6% in the 3rd quarter. NewEdge Wealth LLC now owns 4,214 shares of the data storage provider’s stock valued at $278,000 after purchasing an additional 146 shares during the last quarter. Bangor Savings Bank boosted its holdings in Seagate Technology by 2.5% in the 3rd quarter. Bangor Savings Bank now owns 6,768 shares of the data storage provider’s stock valued at $446,000 after purchasing an additional 166 shares during the last quarter. Finally, Mariner LLC boosted its holdings in Seagate Technology by 0.6% in the 3rd quarter. Mariner LLC now owns 29,616 shares of the data storage provider’s stock valued at $1,953,000 after purchasing an additional 185 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STX. Wells Fargo & Company 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 report on Thursday, February 1st. Morgan Stanley upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $73.00 to $115.00 in a report on Tuesday, March 26th. Robert W. Baird boosted their target price on shares of Seagate Technology from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Wedbush upgraded shares of Seagate Technology from a “neutral” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of Seagate Technology from $84.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $94.53.

Seagate Technology Stock Up 1.3 %

Shares of STX opened at $87.01 on Wednesday. Seagate Technology Holdings plc has a fifty-two week low of $54.47 and a fifty-two week high of $101.26. The firm’s 50 day moving average price is $89.21 and its 200 day moving average price is $83.26. The company has a market cap of $18.27 billion, a P/E ratio of -66.60, a PEG ratio of 238.73 and a beta of 1.04.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share for the quarter, topping 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. During the same period in the previous year, the company earned ($0.43) earnings per share. Seagate Technology’s quarterly revenue was down 11.0% on a year-over-year basis. Research analysts forecast that Seagate Technology Holdings plc will post 0.3 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, June 20th. Seagate Technology’s payout ratio is currently -217.05%.

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.