677 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 677 shares of the data storage provider’s stock, valued at approximately $58,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Seagate Technology in the 4th quarter worth about $26,000. CVA Family Office LLC purchased a new position in shares of Seagate Technology in the fourth quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Seagate Technology in the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust raised its position in shares of Seagate Technology by 85.4% in the third quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock valued at $29,000 after buying an additional 205 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Seagate Technology in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

STX has been the subject of several research reports. Morgan Stanley upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $73.00 to $115.00 in a report on Tuesday, March 26th. Barclays cut their price target on Seagate Technology from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Robert W. Baird boosted their price objective on Seagate Technology from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group raised their target price on Seagate Technology from $84.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, UBS Group upped their price target on Seagate Technology from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Hold” and an average target price of $94.53.

Seagate Technology Price Performance

Shares of STX opened at $85.81 on Thursday. Seagate Technology Holdings plc has a 1-year low of $54.47 and a 1-year high of $101.26. The firm has a fifty day moving average price of $89.22 and a 200 day moving average price of $83.28.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.43) earnings per share. As a group, equities analysts expect that Seagate Technology Holdings plc will post 0.3 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, June 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.26%. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

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.