Mather Group LLC. Has $550,000 Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Mather Group LLC. increased its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,446 shares of the data storage provider’s stock after purchasing an additional 468 shares during the period. Mather Group LLC.’s holdings in Seagate Technology were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Seagate Technology in the fourth quarter worth $26,000. CVA Family Office LLC bought a new stake in Seagate Technology during the fourth quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Seagate Technology during the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust boosted its holdings in Seagate Technology by 85.4% during the third quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 205 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in Seagate Technology during the fourth quarter valued at about $43,000. 92.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on STX shares. Robert W. Baird upped their price target on shares of Seagate Technology from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Rosenblatt Securities upped their price target on shares of Seagate Technology from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Cowen upped their price target on shares of Seagate Technology from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Susquehanna upped their price target on shares of Seagate Technology from $50.00 to $55.00 and gave the company a “negative” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company upped their price target on shares of Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $94.53.

Seagate Technology Stock Down 0.1 %

NASDAQ:STX opened at $85.81 on Thursday. Seagate Technology Holdings plc has a 12-month low of $54.47 and a 12-month high of $101.26. The firm has a market capitalization of $18.02 billion, a PE ratio of -66.52, a price-to-earnings-growth ratio of 238.26 and a beta of 1.06. The firm has a 50-day moving average price of $89.22 and a 200 day moving average price of $83.28.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned ($0.43) EPS. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. On average, research analysts expect that Seagate Technology Holdings plc will post 0.3 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, June 20th. Seagate Technology’s payout ratio is -217.05%.

Seagate Technology Company Profile

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.