Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Veracity Capital LLC

Veracity Capital LLC reduced its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,158 shares of the data storage provider’s stock after selling 189 shares during the period. Veracity Capital LLC’s holdings in Seagate Technology were worth $273,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in shares of Seagate Technology by 12.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 82,326 shares of the data storage provider’s stock worth $7,106,000 after purchasing an additional 9,262 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Seagate Technology by 11.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 34,310 shares of the data storage provider’s stock worth $2,986,000 after buying an additional 3,576 shares during the last quarter. Perpetual Ltd lifted its stake in shares of Seagate Technology by 54.8% in the 4th quarter. Perpetual Ltd now owns 6,504 shares of the data storage provider’s stock worth $561,000 after acquiring an additional 2,303 shares during the period. ARS Investment Partners LLC purchased a new stake in shares of Seagate Technology in the fourth quarter valued at about $6,445,000. Finally, Crossmark Global Holdings Inc. increased its position in Seagate Technology by 3.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,122 shares of the data storage provider’s stock worth $960,000 after purchasing an additional 388 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Down 0.2 %

STX stock opened at $108.19 on Friday. The stock has a market capitalization of $22.89 billion, a price-to-earnings ratio of 19.78 and a beta of 1.06. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The stock’s fifty day simple moving average is $95.00 and its 200-day simple moving average is $100.42.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.28. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company earned ($0.34) EPS. The firm’s quarterly revenue was up 49.1% on a year-over-year basis. As a group, analysts anticipate that Seagate Technology Holdings plc will post 6.92 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.66%. Seagate Technology’s payout ratio is 52.65%.

Insider Buying and Selling

In other news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the transaction, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.53, for a total value of $1,990,600.00. Following the sale, the chief executive officer now owns 642,497 shares of the company’s stock, valued at $63,947,726.41. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,073 shares of company stock valued at $5,106,149. Insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Wednesday. Evercore ISI lifted their price target on shares of Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group decreased their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Wells Fargo & Company cut their price target on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $122.56.

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.