Kentucky Retirement Systems Insurance Trust Fund Sells 501 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Kentucky Retirement Systems Insurance Trust Fund cut its position in Seagate Technology Holdings plc (NASDAQ:STX) by 7.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,430 shares of the data storage provider’s stock after selling 501 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Seagate Technology were worth $598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in STX. Csenge Advisory Group raised its holdings in Seagate Technology by 1.4% in the 1st quarter. Csenge Advisory Group now owns 8,473 shares of the data storage provider’s stock valued at $788,000 after acquiring an additional 119 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Seagate Technology by 1.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 8,446 shares of the data storage provider’s stock valued at $786,000 after acquiring an additional 126 shares in the last quarter. Graypoint LLC raised its holdings in Seagate Technology by 4.9% in the 1st quarter. Graypoint LLC now owns 2,710 shares of the data storage provider’s stock valued at $252,000 after acquiring an additional 127 shares in the last quarter. CWM LLC raised its holdings in Seagate Technology by 3.9% in the 4th quarter. CWM LLC now owns 3,441 shares of the data storage provider’s stock valued at $294,000 after acquiring an additional 130 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Seagate Technology by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 43,005 shares of the data storage provider’s stock valued at $4,002,000 after acquiring an additional 130 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In related news, SVP John Christopher Morris sold 11,158 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the sale, the senior vice president now owns 17,767 shares in the company, valued at approximately $1,599,030. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Ban Seng Teh sold 10,117 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total transaction of $1,112,870.00. Following the transaction, the executive vice president now directly owns 5,387 shares of the company’s stock, valued at approximately $592,570. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Christopher Morris sold 11,158 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $90.00, for a total value of $1,004,220.00. Following the transaction, the senior vice president now directly owns 17,767 shares in the company, valued at $1,599,030. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,648 shares of company stock worth $4,705,816. Insiders own 0.89% of the company’s stock.

Seagate Technology Trading Down 0.3 %

Shares of NASDAQ STX traded down $0.28 during trading on Friday, reaching $103.68. The company had a trading volume of 3,069,247 shares, compared to its average volume of 2,337,736. The company’s fifty day moving average price is $101.31 and its 200-day moving average price is $93.16. Seagate Technology Holdings plc has a 12 month low of $57.79 and a 12 month high of $113.57.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results 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. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the company posted ($0.29) EPS. The business’s revenue was up 17.8% on a year-over-year basis. On average, analysts expect that Seagate Technology Holdings plc will post 6.21 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 23rd will be given 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 dividend yield of 2.70%. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

Analysts Set New Price Targets

A number of research firms have recently commented on STX. Mizuho boosted their price target on Seagate Technology from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Cantor Fitzgerald boosted their price target on Seagate Technology from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday. Wedbush boosted their price target on Seagate Technology from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Loop Capital boosted their price target on Seagate Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Northland Securities boosted their price target on Seagate Technology from $119.00 to $142.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $115.94.

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.