806 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) during the third quarter, Holdings Channel.com reports. The fund purchased 806 shares of the data storage provider’s stock, valued at approximately $88,000.

A number of other hedge funds have also recently added to or reduced their stakes in STX. Quarry LP purchased a new position in Seagate Technology during the second quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Seagate Technology by 2,407.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 337 shares in the last quarter. Family Firm Inc. purchased a new position in Seagate Technology during the second quarter valued at $41,000. Richardson Financial Services Inc. purchased a new position in Seagate Technology during the fourth quarter valued at $47,000. Finally, Larson Financial Group LLC lifted its holdings in Seagate Technology by 15,766.7% during the second quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock valued at $49,000 after purchasing an additional 473 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $93.46, for a total value of $1,869,200.00. Following the completion of the transaction, the chief executive officer now owns 654,270 shares in the company, valued at approximately $61,148,074.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO William D. Mosley sold 141,785 shares of Seagate Technology stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $110.18, for a total value of $15,621,871.30. Following the completion of the transaction, the chief executive officer now owns 668,616 shares in the company, valued at $73,668,110.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $93.46, for a total transaction of $1,869,200.00. Following the completion of the transaction, the chief executive officer now owns 654,270 shares of the company’s stock, valued at $61,148,074.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 223,284 shares of company stock worth $23,800,887. Corporate insiders own 0.81% of the company’s stock.

Seagate Technology Price Performance

Shares of STX opened at $111.06 on Tuesday. Seagate Technology Holdings plc has a 1-year low of $64.12 and a 1-year high of $113.57. The stock has a market cap of $23.38 billion, a PE ratio of 72.12 and a beta of 1.04. The firm has a 50-day simple moving average of $102.51 and a two-hundred day simple moving average of $98.51.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.29. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Seagate Technology had a net margin of 5.11% and a negative return on equity of 8.41%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the business earned ($0.29) earnings per share. As a group, sell-side analysts expect that Seagate Technology Holdings plc will post 6.72 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 23rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Monday, September 23rd. Seagate Technology’s dividend payout ratio (DPR) is currently 181.82%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STX. Morgan Stanley raised 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. Evercore ISI raised their price target on shares of Seagate Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Loop Capital raised their price target on shares of Seagate Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Barclays raised their price target on shares of Seagate Technology from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, UBS Group raised 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 company’s stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Hold” and an average price target of $115.94.

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.