Oddo BHF Asset Management Sas Acquires Shares of 64,931 Seagate Technology Holdings plc (NASDAQ:STX)

Oddo BHF Asset Management Sas acquired a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 64,931 shares of the data storage provider’s stock, valued at approximately $7,112,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of Seagate Technology by 133.8% during the third quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock worth $18,834,000 after purchasing an additional 98,418 shares in the last quarter. Versor Investments LP bought a new position in shares of Seagate Technology during the third quarter worth $2,146,000. Lighthouse Investment Partners LLC bought a new position in shares of Seagate Technology during the second quarter worth $499,000. Forte Capital LLC ADV boosted its position in shares of Seagate Technology by 29.8% during the third quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider’s stock worth $3,173,000 after purchasing an additional 6,653 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Seagate Technology by 3,549.7% during the third quarter. International Assets Investment Management LLC now owns 204,493 shares of the data storage provider’s stock worth $22,398,000 after purchasing an additional 198,890 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Insider Transactions at Seagate Technology

In other Seagate Technology news, SVP John Christopher Morris sold 1,131 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $111.90, for a total value of $126,558.90. Following the completion of the sale, the senior vice president now owns 7,191 shares of the company’s stock, valued at $804,672.90. The trade was a 13.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the sale, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,820 shares of company stock worth $23,953,746 in the last ninety days. Insiders own 0.81% of the company’s stock.

Seagate Technology Trading Down 0.1 %

Shares of STX stock opened at $97.50 on Friday. Seagate Technology Holdings plc has a 1 year low of $79.39 and a 1 year high of $115.32. The firm’s fifty day moving average price is $102.80 and its two-hundred day moving average price is $102.14. The firm has a market capitalization of $20.62 billion, a P/E ratio of 25.49 and a beta of 1.03.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.28. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. Seagate Technology’s revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.34) EPS. As a group, equities research analysts forecast that Seagate Technology Holdings plc will post 7.18 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, December 13th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a dividend yield of 2.95%. Seagate Technology’s payout ratio is currently 73.11%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on STX shares. Cantor Fitzgerald reissued a “neutral” rating and set a $125.00 price target on shares of Seagate Technology in a research report on Wednesday, October 23rd. Benchmark reissued a “hold” rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. Evercore ISI lifted their price target on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

Seagate Technology 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.