Cyndeo Wealth Partners LLC lessened its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 82.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,185 shares of the data storage provider's stock after selling 58,944 shares during the period. Cyndeo Wealth Partners LLC's holdings in Seagate Technology were worth $1,335,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in STX. HighPoint Advisor Group LLC acquired a new position in Seagate Technology in the 4th quarter valued at about $219,000. GAMMA Investing LLC boosted its holdings in Seagate Technology by 37.5% in the 1st quarter. GAMMA Investing LLC now owns 931 shares of the data storage provider's stock valued at $87,000 after purchasing an additional 254 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Seagate Technology by 7.1% in the 1st quarter. Park Avenue Securities LLC now owns 5,590 shares of the data storage provider's stock valued at $520,000 after purchasing an additional 371 shares in the last quarter. RFG Advisory LLC purchased a new stake in Seagate Technology in the 1st quarter valued at approximately $235,000. Finally, Sunbelt Securities Inc. boosted its holdings in Seagate Technology by 269.1% in the 1st quarter. Sunbelt Securities Inc. now owns 753 shares of the data storage provider's stock valued at $70,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.
STX has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on Seagate Technology from $96.00 to $107.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Benchmark reaffirmed a "hold" rating on shares of Seagate Technology in a report on Wednesday, July 24th. StockNews.com raised Seagate Technology from a "hold" rating to a "buy" rating in a report on Thursday. Morgan Stanley boosted their price target on Seagate Technology from $115.00 to $133.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Finally, Barclays boosted their price target on Seagate Technology from $80.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $115.94.
View Our Latest Report on Seagate Technology
STX stock opened at $112.12 on Monday. The stock's 50 day moving average price is $104.29 and its 200 day moving average price is $99.21. The firm has a market cap of $23.54 billion, a P/E ratio of -86.91 and a beta of 1.04. Seagate Technology Holdings plc has a 1 year low of $64.12 and a 1 year high of $115.32.
Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.29. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. Seagate Technology's revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.29) EPS. On average, research analysts predict that Seagate Technology Holdings plc will post 7.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 23rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.80 annualized dividend and a yield of 2.50%. Seagate Technology's dividend payout ratio (DPR) is presently -217.05%.
In other Seagate Technology news, EVP Ban Seng Teh sold 10,117 shares of the business's stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total value of $1,112,870.00. Following the completion of the transaction, the executive vice president now directly owns 5,387 shares in the company, valued at approximately $592,570. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Ban Seng Teh sold 10,117 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 5,387 shares in the company, valued at $592,570. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $93.46, for a total value of $1,869,200.00. Following the sale, the chief executive officer now owns 654,270 shares of the company's stock, valued at approximately $61,148,074.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 223,284 shares of company stock worth $23,800,887. Insiders own 0.89% of the company's stock.
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.
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