33,209 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Acquired by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. acquired a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,209 shares of the data storage provider’s stock, valued at approximately $3,637,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Seagate Technology by 3.1% in 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 buying an additional 746,395 shares in the last quarter. Putnam Investments LLC boosted its holdings in shares of Seagate Technology by 124.3% in the 4th quarter. Putnam Investments LLC now owns 680,456 shares of the data storage provider’s stock valued at $58,091,000 after buying an additional 377,148 shares in the last quarter. Delta Global Management LP acquired a new position in shares of Seagate Technology in the 1st quarter valued at $33,478,000. Point72 Hong Kong Ltd acquired a new position in shares of Seagate Technology in the 2nd quarter valued at $35,349,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Seagate Technology by 14.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,656,828 shares of the data storage provider’s stock valued at $247,218,000 after buying an additional 337,464 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Ban Seng Teh sold 10,117 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 5,387 shares in the company, valued at $592,570. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Seagate Technology news, EVP Ban Seng Teh sold 10,117 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 5,387 shares of the company’s stock, valued at $592,570. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total transaction of $72,075.00. Following the sale, the director now directly owns 3,034 shares in the company, valued at $291,567.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 223,284 shares of company stock worth $23,800,887 in the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald upped their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Northland Securities increased their price target on shares of Seagate Technology from $119.00 to $142.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Rosenblatt Securities increased their price target on shares of Seagate Technology from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley increased their price target on shares of Seagate Technology from $115.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, UBS Group increased their price target on shares of Seagate Technology from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $115.94.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $108.65 on Wednesday. Seagate Technology Holdings plc has a one year low of $64.12 and a one year high of $113.57. The firm has a fifty day moving average of $101.88 and a two-hundred day moving average of $98.16.

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

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 23rd were issued a $0.70 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.58%. Seagate Technology’s dividend payout ratio is presently -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.