Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 18.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,413 shares of the data storage provider’s stock after acquiring an additional 1,499 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Seagate Technology were worth $804,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in Seagate Technology by 9.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,680,400 shares of the data storage provider’s stock valued at $1,166,022,000 after purchasing an additional 1,485,937 shares in the last quarter. FMR LLC lifted its stake in Seagate Technology by 13.1% during the third quarter. FMR LLC now owns 13,929,708 shares of the data storage provider’s stock worth $918,664,000 after purchasing an additional 1,612,264 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Seagate Technology by 3.0% in the third quarter. Wellington Management Group LLP now owns 4,381,497 shares of the data storage provider’s stock worth $288,960,000 after purchasing an additional 127,214 shares during the period. Invesco Ltd. raised its holdings in shares of Seagate Technology by 0.4% during the third quarter. Invesco Ltd. now owns 2,804,277 shares of the data storage provider’s stock worth $184,942,000 after purchasing an additional 10,697 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Seagate Technology by 24.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,410,163 shares of the data storage provider’s stock worth $158,950,000 after buying an additional 470,592 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Down 2.0 %

Shares of NASDAQ:STX traded down $1.69 during midday trading on Wednesday, reaching $84.84. 3,251,048 shares of the company were exchanged, compared to its average volume of 2,802,092. The firm has a market cap of $17.77 billion, a PE ratio of -23.93, a P/E/G ratio of 703.97 and a beta of 1.04. Seagate Technology Holdings plc has a fifty-two week low of $54.47 and a fifty-two week high of $101.26. The stock has a fifty day simple moving average of $89.29 and a two-hundred day simple moving average of $82.61.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business earned ($0.43) earnings per share. Seagate Technology’s revenue was down 11.0% compared to the same quarter last year. As a group, analysts forecast that Seagate Technology Holdings plc will post 0.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.30%. Seagate Technology’s dividend payout ratio is currently -80.00%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Evercore ISI started coverage on shares of Seagate Technology in a research note on Tuesday, February 27th. They set an “outperform” rating and a $110.00 price objective on the stock. Susquehanna increased their price target on Seagate Technology from $50.00 to $55.00 and gave the stock a “negative” rating in a research report on Wednesday, April 10th. TD Cowen increased their target price on Seagate Technology from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Mizuho restated a “buy” rating and issued a $100.00 target price on shares of Seagate Technology in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company boosted their price target on Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $92.87.

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.