Stratos Wealth Partners, Inc. The company increased its stake in Seagate Technology Holdings plc (NASDAQ:STX – Free Report) by 8.8% during the fourth quarter, according to its latest 13F filing with the Securities and Exchange Commission. Ta. The fund now owns 6,941 shares of the data storage provider's stock after purchasing an additional 561 shares during the period. Stratos Wealth Partners LTD.'s Seagate Technology holdings were worth $593,000 at the end of the most recent reporting period.
A number of other hedge funds and institutional investors have also added to or reduced their stakes in STX stock. Farmers & Merchants Trust, Inc., Chambersburg, Pennsylvania, purchased a new position in Seagate Technology, Inc. in the 4th quarter valued at approximately $26,000. CVA Family Office LLC bought a new position in shares of Seagate Technology in the 4th quarter worth his $27,000. Parkside Financial Bank & Trust grew its holdings in shares of Seagate Technology by 85.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider's stock valued at $29,000 after purchasing an additional 205 shares in the last quarter. Wyoming acquired a new position in shares of Seagate Technology during the 4th quarter worth his $36,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 92.87% of the company's stock.
Seagate Technology Trading down 4.0%
Nasdaq STX opened Friday at $85.19. Seagate Technology Holdings has a 1-year low of $54.32 and a 1-year high of $101.26. The company's 50 day simple moving average is $89.74 and its 200 day simple moving average is $81.46. The company has a market capitalization of $17.85 billion, a P/E ratio of -24.34, a price-to-earnings ratio of 1,467.44x, and a beta of 1.04x.
Seagate Technology (NASDAQ:STX – Get Free Report) last released its earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share for the quarter, beating consensus estimates ($0.21) by $0.19. The company had revenue of $1.56 billion for the quarter, compared to analyst expectations of $1.56 billion. As a group, analysts predict that Seagate Technology Holdings plc's EPS for the current year will be 0.05.
Seagate Technology announces dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a $0.70 dividend. This equates to his $2.80 dividend and his 3.29% yield on an annualized basis. The ex-dividend date was Wednesday, March 20th. Seagate Technology's dividend payout ratio (DPR) is currently -80.00%.
Analyst sets new price target
Several equity research analysts have recently commented on the company. Goldman Sachs Group increased their target price on Seagate Technology from $65.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Barclays increased their target price on shares of Seagate Technology from $65.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. BNP Paribas downgraded shares of Seagate Technology from a “neutral” rating to an “underperform” rating and set a $65.00 price target for the company. said in an investigation report on Thursday, January 11. Wells Fargo & Company increased their target price on shares of Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $95.00 target price on shares of Seagate Technology in a research note on Monday, March 4th. Two analysts have rated the stock as a “sell,” 10 have rated it a “hold,” and eight have rated it a “buy.” Seagate Technology currently has an average rating of “Hold” and a consensus price target of $86.67, according to data from MarketBeat.
See the latest stock price analysis for STX.
About Seagate Technology
(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.
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