Mather Group LLC. Increases Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Mather Group LLC. raised its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,446 shares of the data storage provider’s stock after purchasing an additional 468 shares during the quarter. Mather Group LLC.’s holdings in Seagate Technology were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of STX. New York State Common Retirement Fund boosted its stake in shares of Seagate Technology by 68.8% in the fourth quarter. New York State Common Retirement Fund now owns 143,049 shares of the data storage provider’s stock valued at $12,212,000 after buying an additional 58,300 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Seagate Technology by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 17,680,400 shares of the data storage provider’s stock valued at $1,166,022,000 after buying an additional 1,485,937 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Seagate Technology by 8.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,941 shares of the data storage provider’s stock valued at $593,000 after buying an additional 561 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Seagate Technology by 51.1% in the third quarter. Gotham Asset Management LLC now owns 86,680 shares of the data storage provider’s stock valued at $5,717,000 after buying an additional 29,323 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Seagate Technology by 78.4% in the fourth quarter. SG Americas Securities LLC now owns 38,563 shares of the data storage provider’s stock valued at $3,292,000 after buying an additional 16,950 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Trading Down 0.1 %

STX stock opened at $85.81 on Thursday. The stock has a 50-day moving average price of $89.22 and a two-hundred day moving average price of $83.28. Seagate Technology Holdings plc has a 12-month low of $54.47 and a 12-month high of $101.26. The company has a market cap 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.

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, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the firm posted ($0.43) EPS. Seagate Technology’s revenue was down 11.0% on a year-over-year basis. Equities analysts forecast that Seagate Technology Holdings plc will post 0.3 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on STX shares. The Goldman Sachs Group boosted their target price on Seagate Technology from $84.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Rosenblatt Securities boosted their target price on Seagate Technology from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Robert W. Baird boosted their target price on Seagate Technology from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Wells Fargo & Company boosted their target price on Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, Wedbush upgraded Seagate Technology from a “neutral” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.