Ronald Blue Trust Inc. Buys 945 Shares of Seagate Technology Holdings Plc (NASDAQ:STX)

Defense World · Mar 30, 2023 17:05

Ronald Blue Trust Inc. lifted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX – Get Rating) by 189.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,445 shares of the data storage provider's stock after buying an additional 945 shares during the quarter. Ronald Blue Trust Inc.'s holdings in Seagate Technology were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of STX. State Street Corp boosted its holdings in shares of Seagate Technology by 16.3% in the third quarter. State Street Corp now owns 8,951,455 shares of the data storage provider's stock valued at $482,736,000 after buying an additional 1,256,349 shares during the period. Sanders Capital LLC raised its position in Seagate Technology by 0.4% during the third quarter. Sanders Capital LLC now owns 5,772,340 shares of the data storage provider's stock worth $307,262,000 after acquiring an additional 23,318 shares in the last quarter. Bank of New York Mellon Corp raised its position in Seagate Technology by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 3,923,276 shares of the data storage provider's stock worth $208,837,000 after acquiring an additional 46,507 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Seagate Technology by 1.5% in the second quarter. Legal & General Group Plc now owns 2,167,756 shares of the data storage provider's stock valued at $154,865,000 after purchasing an additional 33,081 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Seagate Technology by 4.4% in the first quarter. Invesco Ltd. now owns 1,843,144 shares of the data storage provider's stock valued at $165,698,000 after purchasing an additional 78,298 shares during the last quarter. Institutional investors and hedge funds own 82.69% of the company's stock.

Get Seagate Technology alerts:

Insider Transactions at Seagate Technology

In other news, EVP Jeffrey D. Nygaard sold 36,809 shares of the firm's stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $69.14, for a total transaction of $2,544,974.26. Following the completion of the sale, the executive vice president now owns 30,360 shares of the company's stock, valued at approximately $2,099,090.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

Seagate Technology Stock Up 5.6 %

Shares of NASDAQ STX opened at $63.79 on Thursday. The company has a 50 day simple moving average of $65.45 and a 200 day simple moving average of $58.37. The firm has a market cap of $13.17 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 52.20 and a beta of 1.07. Seagate Technology Holdings plc has a 1 year low of $47.47 and a 1 year high of $94.68. The company has a debt-to-equity ratio of 46.44, a current ratio of 1.13 and a quick ratio of 0.69.

Seagate Technology (NASDAQ:STX – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The data storage provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. Seagate Technology had a net margin of 6.61% and a negative return on equity of 1,031.05%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the business earned $2.28 EPS. The company's revenue was down 39.4% compared to the same quarter last year. On average, research analysts forecast that Seagate Technology Holdings plc will post 0.98 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Stockholders of record on Wednesday, March 22nd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Tuesday, March 21st. Seagate Technology's dividend payout ratio (DPR) is 99.64%.

Analysts Set New Price Targets

STX has been the topic of several research reports. StockNews.com initiated coverage on shares of Seagate Technology in a research note on Thursday, March 16th. They issued a "hold" rating on the stock. Wedbush increased their price objective on shares of Seagate Technology from $45.00 to $55.00 in a research note on Thursday, January 26th. Wells Fargo & Company increased their price objective on shares of Seagate Technology from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 26th. Summit Insights upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Thursday, January 26th. Finally, Morgan Stanley increased their price objective on shares of Seagate Technology from $69.00 to $72.00 in a research note on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $69.58.

Seagate Technology Company Profile

(Get Rating)

Seagate Technology Holdings Plc operates as holding company that is engaged in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions.