First Trust Direct Indexing LP acquired a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STX – Free Report) in the fourth quarter, according to the company's latest filings with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,555 shares of the data storage provider's stock valued at approximately $474,000.
A number of other institutional investors have also recently bought and sold shares of STX. FMR LLC increased its position in shares of Seagate Technology by 13.1% during the 3rd quarter. FMR LLC now owns 13,929,708 shares of the data storage provider's stock valued at $918,664,000 after purchasing an additional 1,612,264 shares during the last quarter. JPMorgan Chase & Co. grew its position in Seagate Technology by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,680,400 shares of the data storage provider's stock valued at $1,166,022,000 after purchasing an additional 1,485,937 shares during the period. Massachusetts Financial Services Inc. MA grew his position in Seagate Technologies by 24.3% in the 3rd quarter. Massachusetts Financial Services, Inc. MA now owns 2,410,163 shares of the data storage provider's stock valued at $158,950,000 after purchasing an additional 470,592 shares during the period. Linden Advisors LP bought a new stake in Seagate Technology during the 3rd quarter valued at approximately $26,591,000. Finally, Tudor Investment Corp and others lifted their position in Seagate Technology by 1,469.1% in the 3rd quarter. Tudor Investment Corp. now owns 214,110 shares of the data storage provider's stock valued at $14,121,000 after acquiring an additional 229,749 shares during the period. Institutional investors own 92.87% of the company's stock.
Price performance of Seagate technology
Shares of STX stock opened at $87.50 on Monday. The company has a market capitalization of $18.37 billion, a P/E ratio of -67.83, a price-to-earnings ratio of 242.66x, and a beta of 1.06x. The stock's 50-day simple moving average is $89.18 and its 200-day simple moving average is $83.63. Seagate Technology Holdings plc has a 1-year low of $54.47 and a 1-year high of $101.26.
Seagate Technology (NASDAQ:STX – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to analyst expectations of $1.68 billion. The business' quarterly revenue decreased by 11.0% year-on-year. The company's EPS for the same period last year was ($0.43). Equities research analysts expect Seagate Technology Holdings' EPS for the current fiscal year to be 0.3.
Seagate Technology Dividend Announcement
The company 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. The ex-dividend date is Thursday, June 20th. This equates to an annualized dividend of $2.80 and a dividend yield of 3.20%. Seagate Technology's dividend payout ratio is currently -217.05%.
Analyst rating changes
A number of equity research analysts have recently published reports on this stock. Morgan Stanley upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $73.00 to $115.00 in a research report on Tuesday, March 26th. Benchmark reissued a “hold” rating on shares of Seagate Technology in a report on Wednesday, April 24th. BNP Paribas downgraded shares of Seagate Technology from a “neutral” rating to an “underperform” rating and set a price target of $65.00. said in an investigation report on Thursday, January 11. TD Cowen increased his target price on shares of Seagate Technology from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, UBS Group increased their target price on shares of Seagate Technology from $90.00 to $95.00 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $94.53.
Check out the latest research reports on Seagate technology.
Seagate Technology Company Profile
(Free report)
Seagate Technology Holdings plc provides data storage technologies and solutions in Singapore, the United States, the Netherlands, and internationally. We offer high-capacity storage products such as enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network attached storage drives.
References
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