Seagate Technology Holdings plc (NASDAQ:STX) Position Raised by D Orazio & Associates Inc.

D Orazio & Associates Inc. raised its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 91.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,113 shares of the data storage provider’s stock after buying an additional 533 shares during the quarter. D Orazio & Associates Inc.’s holdings in Seagate Technology were worth $92,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of STX. BlackRock Inc. raised its stake in shares of Seagate Technology by 4.9% during the second quarter. BlackRock Inc. now owns 15,798,731 shares of the data storage provider’s stock valued at $1,389,181,000 after purchasing an additional 739,001 shares in the last quarter. State Street Corp grew its holdings in Seagate Technology by 2.0% during the second quarter. State Street Corp now owns 9,373,834 shares of the data storage provider’s stock worth $824,241,000 after acquiring an additional 184,040 shares during the period. Geode Capital Management LLC increased its stake in Seagate Technology by 5.9% in the 2nd quarter. Geode Capital Management LLC now owns 3,257,913 shares of the data storage provider’s stock worth $285,699,000 after purchasing an additional 180,929 shares in the last quarter. Legal & General Group Plc increased its stake in Seagate Technology by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 2,099,969 shares of the data storage provider’s stock worth $184,650,000 after purchasing an additional 92,246 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Seagate Technology by 1.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,155,354 shares of the data storage provider’s stock worth $95,334,000 after purchasing an additional 12,103 shares in the last quarter. Institutional investors own 80.54% of the company’s stock.

NASDAQ:STX traded up $0.17 during trading hours on Friday, reaching $111.01. The company had a trading volume of 6,592 shares, compared to its average volume of 1,764,938. The stock has a 50-day moving average of $106.40 and a two-hundred day moving average of $93.45. Seagate Technology Holdings plc has a one year low of $58.35 and a one year high of $117.67. The firm has a market capitalization of $24.71 billion, a PE ratio of 16.16, a PEG ratio of 11.31 and a beta of 1.04. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 8.14.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Thursday, October 21st. The data storage provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.14. Seagate Technology had a return on equity of 234.31% and a net margin of 14.08%. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The business’s revenue was up 34.6% compared to the same quarter last year. As a group, sell-side analysts expect that Seagate Technology Holdings plc will post 8.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 5th. Shareholders of record on Wednesday, December 22nd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.52%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, December 21st. Seagate Technology’s dividend payout ratio is 40.82%.

In other Seagate Technology news, Director Holdings L.P. Valueact sold 815,000 shares of the business’s stock in a transaction on Thursday, November 11th. The stock was sold at an average price of $105.39, for a total value of $85,892,850.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeffrey D. Fochtman sold 2,293 shares of the business’s stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $98.84, for a total value of $226,640.12. The disclosure for this sale can be found here. Insiders sold 1,147,774 shares of company stock worth $121,041,011 over the last quarter. Company insiders own 0.81% of the company’s stock.

Several equities analysts have weighed in on STX shares. Deutsche Bank Aktiengesellschaft lifted their target price on Seagate Technology from $92.00 to $100.00 in a research note on Friday. Zacks Investment Research lowered Seagate Technology from a “buy” rating to a “hold” rating and set a $117.00 price target for the company. in a report on Monday, December 27th. Mizuho lifted their price target on Seagate Technology from $92.00 to $110.00 in a report on Thursday. Susquehanna lifted their price target on Seagate Technology from $90.00 to $93.00 and gave the company a “neutral” rating in a report on Monday, October 25th. Finally, Loop Capital lifted their price target on Seagate Technology from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 25th. They noted that the move was a valuation call. Fourteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $99.48.

Seagate Technology Profile

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.

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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