Seagate Technology Holdings plc (NASDAQ:STX - Get Free Report) SVP John Christopher Morris sold 141 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $98.46, for a total value of $13,882.86. Following the completion of the sale, the senior vice president now owns 7,757 shares in the company, valued at approximately $763,754.22. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
John Christopher Morris also recently made the following trade(s):
- On Tuesday, October 22nd, John Christopher Morris sold 1,131 shares of Seagate Technology stock. The stock was sold at an average price of $111.90, for a total value of $126,558.90.
Seagate Technology Price Performance
Shares of NASDAQ STX opened at $95.75 on Friday. The firm's 50-day moving average is $102.57 and its two-hundred day moving average is $102.15. The company has a market capitalization of $20.25 billion, a PE ratio of 25.00 and a beta of 1.03. Seagate Technology Holdings plc has a 12-month low of $79.39 and a 12-month high of $115.32.
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Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share 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 firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted ($0.34) EPS. The firm's revenue for the quarter was up 49.1% on a year-over-year basis. On average, analysts forecast that Seagate Technology Holdings plc will post 7.18 EPS 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. Shareholders of record on Sunday, December 15th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Seagate Technology's previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a yield of 3.01%. Seagate Technology's payout ratio is 73.11%.
Institutional Investors Weigh In On Seagate Technology
Hedge funds have recently made changes to their positions in the business. Sanders Capital LLC increased its stake in Seagate Technology by 0.9% in the third quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider's stock valued at $1,792,742,000 after purchasing an additional 150,115 shares during the last quarter. State Street Corp increased its stake in shares of Seagate Technology by 6.8% during the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock valued at $937,081,000 after acquiring an additional 541,585 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Seagate Technology by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider's stock valued at $454,477,000 after acquiring an additional 318,416 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Seagate Technology by 29.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider's stock worth $197,844,000 after acquiring an additional 405,232 shares during the period. Finally, Duquesne Family Office LLC boosted its position in shares of Seagate Technology by 22.0% in the second quarter. Duquesne Family Office LLC now owns 1,755,278 shares of the data storage provider's stock worth $181,268,000 after acquiring an additional 316,295 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.
Analyst Upgrades and Downgrades
STX has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a "neutral" rating and set a $125.00 price objective on shares of Seagate Technology in a research report on Wednesday, October 23rd. Northland Securities boosted their price target on shares of Seagate Technology from $142.00 to $144.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $118.83.
Read Our Latest Report on STX
About Seagate Technology
(
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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.
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