Public Employees Retirement Association of Colorado Sells 855 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Public Employees Retirement Association of Colorado lowered its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 4.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,616 shares of the data storage provider’s stock after selling 855 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Seagate Technology were worth $2,129,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in Seagate Technology by 39.3% in the fourth quarter. Capital Research Global Investors now owns 16,614,884 shares of the data storage provider’s stock valued at $1,418,413,000 after acquiring an additional 4,685,454 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Seagate Technology by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 24,753,076 shares of the data storage provider’s stock valued at $2,303,274,000 after purchasing an additional 746,395 shares in the last quarter. Sanders Capital LLC increased its position in shares of Seagate Technology by 3.0% during the fourth quarter. Sanders Capital LLC now owns 15,486,153 shares of the data storage provider’s stock valued at $1,322,053,000 after buying an additional 443,768 shares during the period. Putnam Investments LLC lifted its holdings in Seagate Technology by 124.3% in the fourth quarter. Putnam Investments LLC now owns 680,456 shares of the data storage provider’s stock worth $58,091,000 after buying an additional 377,148 shares during the period. Finally, Delta Global Management LP bought a new stake in Seagate Technology during the 1st quarter valued at approximately $33,478,000. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 10,117 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $110.00, for a total value of $1,112,870.00. Following the transaction, the executive vice president now directly owns 5,387 shares in the company, valued at $592,570. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $93.46, for a total transaction of $1,869,200.00. Following the sale, the chief executive officer now owns 654,270 shares in the company, valued at approximately $61,148,074.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 10,117 shares of Seagate Technology stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $110.00, for a total transaction of $1,112,870.00. Following the transaction, the executive vice president now owns 5,387 shares in the company, valued at approximately $592,570. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,627 shares of company stock worth $5,489,495. 0.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Susquehanna lifted their price target on Seagate Technology from $55.00 to $65.00 and gave the company a “negative” rating in a research report on Wednesday, July 24th. Bank of America reaffirmed a “buy” rating and issued a $110.00 target price on shares of Seagate Technology in a research report on Wednesday, June 5th. Citigroup boosted their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Robert W. Baird raised their target price on shares of Seagate Technology from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their price target on Seagate Technology from $115.00 to $133.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.94.

Seagate Technology Trading Up 1.8 %

NASDAQ:STX opened at $105.88 on Tuesday. The company has a market cap of $22.23 billion, a PE ratio of -82.08 and a beta of 1.03. The company has a 50 day simple moving average of $101.09 and a two-hundred day simple moving average of $96.63. Seagate Technology Holdings plc has a 12 month low of $63.32 and a 12 month high of $113.57.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 23rd. The data storage provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.76 by $0.29. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. Seagate Technology’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.29) earnings per share. Research analysts forecast that Seagate Technology Holdings plc will post 6.72 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, September 23rd. Seagate Technology’s payout ratio is -217.05%.

Seagate Technology Profile

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.