Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,586 shares of the data storage provider’s stock after selling 17,837 shares during the quarter. Handelsbanken Fonder AB’s holdings in Seagate Technology were worth $6,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in STX. FMR LLC lifted its holdings in Seagate Technology by 13.1% in the 3rd quarter. FMR LLC now owns 13,929,708 shares of the data storage provider’s stock worth $918,664,000 after buying an additional 1,612,264 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Seagate Technology by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,680,400 shares of the data storage provider’s stock worth $1,166,022,000 after buying an additional 1,485,937 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Seagate Technology by 24.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,410,163 shares of the data storage provider’s stock worth $158,950,000 after buying an additional 470,592 shares in the last quarter. Linden Advisors LP acquired a new position in Seagate Technology in the 3rd quarter worth $26,591,000. Finally, Tudor Investment Corp Et Al lifted its holdings in Seagate Technology by 1,469.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 214,110 shares of the data storage provider’s stock worth $14,121,000 after buying an additional 229,749 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

STX stock opened at $87.26 on Friday. 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 cap of $18.28 billion, a PE ratio of -67.64, a P/E/G ratio of 719.92 and a beta of 1.04. The firm has a 50 day simple moving average of $89.28 and a 200 day simple moving average of $82.67.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the company earned ($0.43) earnings per share. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Seagate Technology Holdings plc will post 0.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, June 20th. Seagate Technology’s dividend payout ratio is presently -217.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of Seagate Technology from $50.00 to $55.00 and gave the company a “negative” rating in a research note on Wednesday, April 10th. Morgan Stanley upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $73.00 to $115.00 in a research note on Tuesday, March 26th. Barclays lowered their price objective on shares of Seagate Technology from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group boosted their price objective on shares of Seagate Technology from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $84.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Seagate Technology has a consensus rating of “Hold” and an average price target of $94.53.

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.