Seagate Technology Holdings plc (NASDAQ:STX) Stock Holdings Increased by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd lifted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 624.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,749 shares of the data storage provider’s stock after acquiring an additional 36,849 shares during the quarter. Seagate Technology accounts for about 1.6% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 8th largest position. Central Asset Investments & Management Holdings HK Ltd’s holdings in Seagate Technology were worth $4,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Jump Financial LLC purchased a new position in Seagate Technology in the fourth quarter valued at $226,000. Principal Financial Group Inc. increased its holdings in Seagate Technology by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 207,053 shares of the data storage provider’s stock valued at $17,676,000 after buying an additional 917 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Seagate Technology by 14.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,345 shares of the data storage provider’s stock valued at $200,000 after buying an additional 304 shares during the last quarter. Level Four Advisory Services LLC purchased a new position in Seagate Technology in the fourth quarter valued at $255,000. Finally, ING Groep NV purchased a new position in Seagate Technology in the fourth quarter valued at $1,565,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 0.6 %

Shares of NASDAQ:STX opened at $102.07 on Wednesday. The company has a market cap of $21.43 billion, a P/E ratio of -79.12 and a beta of 1.03. Seagate Technology Holdings plc has a 52 week low of $63.32 and a 52 week high of $113.57. The company has a 50-day moving average price of $101.35 and a 200 day moving average price of $96.41.

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, beating analysts’ consensus estimates of $0.76 by $0.29. The firm 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%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) earnings per share. Analysts expect that Seagate Technology Holdings plc will post 6.72 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 23rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.74%. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated 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 directly owns 654,270 shares of the company’s stock, valued at $61,148,074.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $96.10, for a total transaction of $72,075.00. Following the completion of the transaction, the director now directly owns 3,034 shares of the company’s stock, valued at approximately $291,567.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 654,270 shares of the company’s stock, valued at $61,148,074.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,627 shares of company stock valued at $5,489,495. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Seagate Technology from $96.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised their price objective on Seagate Technology from $90.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Loop Capital raised their price objective on Seagate Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Cantor Fitzgerald raised their price objective on Seagate Technology from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird raised their price objective on Seagate Technology from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $115.94.

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.