Dumont & Blake Investment Advisors LLC Has $652,000 Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Dumont & Blake Investment Advisors LLC trimmed its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 33.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,009 shares of the data storage provider’s stock after selling 3,470 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Seagate Technology were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of STX. New York State Common Retirement Fund increased its holdings in Seagate Technology by 68.8% during the 4th quarter. New York State Common Retirement Fund now owns 143,049 shares of the data storage provider’s stock worth $12,212,000 after purchasing an additional 58,300 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Seagate Technology by 9.2% in 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 acquiring an additional 1,485,937 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Seagate Technology by 8.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,941 shares of the data storage provider’s stock worth $593,000 after acquiring an additional 561 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Seagate Technology during the 4th quarter worth approximately $230,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Seagate Technology by 1.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 136,111 shares of the data storage provider’s stock valued at $11,620,000 after purchasing an additional 1,419 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Trading Down 0.8 %

Shares of STX traded down $0.83 during trading hours on Friday, reaching $103.27. 1,550,052 shares of the stock traded hands, compared to its average volume of 2,331,491. The company has a market cap of $21.69 billion, a P/E ratio of -80.05 and a beta of 1.03. The company’s 50-day moving average price is $95.41 and its two-hundred day moving average price is $90.22. Seagate Technology Holdings plc has a 52-week low of $57.32 and a 52-week high of $107.91.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned ($0.43) earnings per share. Seagate Technology’s revenue for the quarter was down 11.0% on a year-over-year basis. On average, research analysts forecast that Seagate Technology Holdings plc will post 0.44 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, June 20th. Seagate Technology’s payout ratio is -217.05%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Cantor Fitzgerald raised their price target on Seagate Technology from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wedbush upgraded shares of Seagate Technology from a “neutral” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Wednesday, May 1st. Loop Capital increased their price target on shares of Seagate Technology from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Benchmark restated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, April 24th. Finally, Barclays cut their target price on shares of Seagate Technology from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $98.29.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 10,742 shares of Seagate Technology stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $100.00, for a total value of $1,074,200.00. Following the transaction, the executive vice president now owns 5,042 shares in the company, valued at $504,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Ban Seng Teh sold 10,742 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $100.00, for a total transaction of $1,074,200.00. Following the transaction, the executive vice president now directly owns 5,042 shares of the company’s stock, valued at $504,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John Christopher Morris sold 5,928 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $99.99, for a total value of $592,740.72. Following the completion of the sale, the senior vice president now directly owns 12,185 shares of the company’s stock, valued at approximately $1,218,378.15. The disclosure for this sale can be found here. Insiders sold a total of 37,531 shares of company stock worth $3,592,946 over the last 90 days. Company insiders own 0.89% of the company’s stock.

Seagate Technology Company 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.