US Bancorp DE Purchases 335 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

US Bancorp DE raised its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,508 shares of the data storage provider’s stock after purchasing an additional 335 shares during the quarter. US Bancorp DE’s holdings in Seagate Technology were worth $1,918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC increased its position in Seagate Technology by 3.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock worth $281,000 after purchasing an additional 89 shares in the last quarter. CWM LLC lifted its stake in shares of Seagate Technology by 3.0% in the 2nd quarter. CWM LLC now owns 3,307 shares of the data storage provider’s stock valued at $342,000 after acquiring an additional 97 shares during the last quarter. Affinity Capital Advisors LLC boosted its holdings in shares of Seagate Technology by 1.5% during the 3rd quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider’s stock valued at $725,000 after acquiring an additional 100 shares in the last quarter. Csenge Advisory Group increased its holdings in Seagate Technology by 1.4% in the 1st quarter. Csenge Advisory Group now owns 8,473 shares of the data storage provider’s stock worth $788,000 after purchasing an additional 119 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in Seagate Technology by 3.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 3,452 shares of the data storage provider’s stock valued at $357,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.53, for a total value of $1,990,600.00. Following the transaction, the chief executive officer now owns 642,497 shares in the company, valued at $63,947,726.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Seagate Technology news, Director Jay L. Geldmacher sold 4,100 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $103.30, for a total value of $423,530.00. Following the completion of the sale, the director now owns 2,852 shares in the company, valued at approximately $294,611.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.53, for a total value of $1,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 642,497 shares of the company’s stock, valued at approximately $63,947,726.41. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,638 shares of company stock worth $20,924,155. Insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STX shares. Morgan Stanley upped their price objective on Seagate Technology from $115.00 to $133.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. StockNews.com raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Northland Securities lifted their target price on Seagate Technology from $142.00 to $144.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on Seagate Technology from $96.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of Seagate Technology in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.83.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $102.98 on Thursday. The firm has a market cap of $21.78 billion, a P/E ratio of 26.89 and a beta of 1.05. Seagate Technology Holdings plc has a 52-week low of $70.31 and a 52-week high of $115.32. The business’s 50 day simple moving average is $104.80 and its two-hundred day simple moving average is $100.64.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.28. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted ($0.34) EPS. Seagate Technology’s revenue was up 49.1% compared to the same quarter last year. On average, equities analysts forecast that Seagate Technology Holdings plc will post 7.35 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Sunday, December 15th will be given a $0.72 dividend. This is a boost from Seagate Technology’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, December 13th. This represents a $2.88 annualized dividend and a yield of 2.80%. Seagate Technology’s dividend payout ratio (DPR) is presently 73.11%.

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.