Benjamin F. Edwards & Company Inc. Has $710,000 Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Benjamin F. Edwards & Company Inc. increased its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 96.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,320 shares of the data storage provider’s stock after purchasing an additional 4,079 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Seagate Technology were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors L.P. boosted its position in shares of Seagate Technology by 112.5% in the fourth quarter. Natixis Advisors L.P. now owns 49,522 shares of the data storage provider’s stock valued at $4,227,000 after acquiring an additional 26,220 shares during the period. Swiss National Bank boosted its holdings in Seagate Technology by 3.0% in the 4th quarter. Swiss National Bank now owns 617,500 shares of the data storage provider’s stock valued at $52,716,000 after purchasing an additional 18,000 shares during the period. First Trust Direct Indexing L.P. acquired a new position in shares of Seagate Technology during the 4th quarter worth approximately $474,000. New York Life Investment Management LLC increased its holdings in shares of Seagate Technology by 1.5% during the fourth quarter. New York Life Investment Management LLC now owns 30,723 shares of the data storage provider’s stock worth $2,623,000 after purchasing an additional 450 shares during the period. Finally, Essex Financial Services Inc. raised its position in shares of Seagate Technology by 6.2% in the fourth quarter. Essex Financial Services Inc. now owns 11,020 shares of the data storage provider’s stock valued at $941,000 after buying an additional 648 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Down 0.4 %

Shares of STX opened at $89.51 on Wednesday. The business has a 50-day simple moving average of $89.18 and a two-hundred day simple moving average of $83.96. Seagate Technology Holdings plc has a 12-month low of $55.11 and a 12-month high of $101.26. The stock has a market cap of $18.80 billion, a PE ratio of -69.39, a PEG ratio of 242.66 and a beta of 1.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share (EPS) for the quarter, beating 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. The company’s revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.43) earnings per share. On average, equities research analysts expect that Seagate Technology Holdings plc will post 0.3 EPS for the current year.

Seagate Technology Dividend Announcement

The business 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 $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.13%. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on STX shares. TD Cowen raised their price objective on Seagate Technology from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Wedbush raised shares of Seagate Technology from a “neutral” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Wednesday, May 1st. Benchmark reiterated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, April 24th. UBS Group upped their price target on shares of Seagate Technology from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, BNP Paribas cut shares of Seagate Technology from a “neutral” rating to an “underperform” rating and set a $65.00 price objective on the stock. in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $94.53.

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.