Windward Capital Management Co. CA Trims Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Windward Capital Management Co. CA reduced its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,154 shares of the data storage provider’s stock after selling 1,596 shares during the period. Windward Capital Management Co. CA’s holdings in Seagate Technology were worth $6,006,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Northwest Financial Advisors purchased a new position in shares of Seagate Technology during the fourth quarter valued at approximately $31,000. Family Firm Inc. purchased a new position in Seagate Technology during the second quarter valued at $41,000. CarsonAllaria Wealth Management Ltd. purchased a new position in Seagate Technology during the fourth quarter valued at $44,000. ICA Group Wealth Management LLC bought a new stake in Seagate Technology in the fourth quarter worth $47,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Seagate Technology in the fourth quarter worth $47,000. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In related news, SVP John Christopher Morris sold 5,928 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $99.99, for a total transaction of $592,740.72. Following the completion of the transaction, the senior vice president now owns 12,185 shares in the company, valued at $1,218,378.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Ban Seng Teh sold 10,742 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 5,042 shares of the company’s stock, valued at approximately $504,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Christopher Morris sold 5,928 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $99.99, for a total transaction of $592,740.72. Following the completion of the transaction, the senior vice president now directly owns 12,185 shares of the company’s stock, valued at $1,218,378.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,297 shares of company stock valued at $7,156,436. 0.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STX. Mizuho upped their price target on shares of Seagate Technology from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Evercore ISI upped their target price on shares of Seagate Technology from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Barclays increased their price target on shares of Seagate Technology from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Loop Capital boosted their price objective on shares of Seagate Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley upped their price objective on Seagate Technology from $115.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $115.94.

Seagate Technology Trading Down 2.8 %

Seagate Technology stock opened at $97.98 on Friday. Seagate Technology Holdings plc has a 12-month low of $62.43 and a 12-month high of $113.57. The firm has a market capitalization of $20.57 billion, a price-to-earnings ratio of -75.95 and a beta of 1.03. The firm has a 50 day moving average of $101.47 and a 200 day moving average of $95.81.

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 the consensus estimate of $0.76 by $0.29. The firm had revenue of $1.89 billion for 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 company’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the firm earned ($0.29) EPS. On average, analysts predict that Seagate Technology Holdings plc will post 6.72 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.86%. The ex-dividend date is Monday, September 23rd. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

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.