236 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC acquired a new position in Seagate Technology Holdings plc (NASDAQ:STX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 236 shares of the data storage provider’s stock, valued at approximately $26,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Seagate Technology by 3.1% in the first quarter. Vanguard Group Inc. now owns 24,753,076 shares of the data storage provider’s stock worth $2,303,274,000 after buying an additional 746,395 shares during the period. Delta Global Management LP purchased a new stake in Seagate Technology in the first quarter worth $33,478,000. Point72 Hong Kong Ltd bought a new stake in shares of Seagate Technology during the second quarter worth $35,349,000. Clearbridge Investments LLC boosted its stake in shares of Seagate Technology by 14.5% during the first quarter. Clearbridge Investments LLC now owns 2,656,828 shares of the data storage provider’s stock valued at $247,218,000 after purchasing an additional 337,464 shares during the period. Finally, Duquesne Family Office LLC grew its holdings in shares of Seagate Technology by 22.0% in the second quarter. Duquesne Family Office LLC now owns 1,755,278 shares of the data storage provider’s stock worth $181,268,000 after purchasing an additional 316,295 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 0.8 %

STX stock opened at $97.46 on Friday. The stock has a market capitalization of $20.62 billion, a PE ratio of 25.56 and a beta of 1.05. Seagate Technology Holdings plc has a 52 week low of $74.06 and a 52 week high of $115.32. The firm has a 50 day moving average of $105.11 and a 200 day moving average of $101.18.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was up 49.1% compared to the same quarter last year. On average, equities research analysts expect that Seagate Technology Holdings plc will post 7.35 earnings per share for the current year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Sunday, December 15th will be issued a dividend of $0.72 per share. This is an increase from Seagate Technology’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, December 13th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.96%. Seagate Technology’s payout ratio is 73.11%.

Analysts Set New Price Targets

Several research firms have issued reports on STX. Morgan Stanley boosted their price objective on shares of Seagate Technology from $115.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised their price objective on Seagate Technology from $90.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Barclays upped their target price on Seagate Technology from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group raised their price target on Seagate Technology from $96.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI upped their price objective on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and an average price target of $118.83.

Insider Activity at Seagate Technology

In other news, SVP John Christopher Morris sold 1,131 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $111.90, for a total value of $126,558.90. Following the sale, the senior vice president now owns 7,191 shares in the company, valued at $804,672.90. This represents a 13.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $96.10, for a total value of $72,075.00. Following the transaction, the director now owns 3,034 shares of the company’s stock, valued at approximately $291,567.40. This represents a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,820 shares of company stock worth $21,892,856 over the last quarter. Insiders own 0.81% of the company’s stock.

About Seagate Technology

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.