Czech National Bank Purchases Shares of 22,697 Seagate Technology Holdings plc (NASDAQ:STX)
Czech National Bank purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,697 shares of the data storage provider's stock, valued at approximately $1,208,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in shares of Seagate Technology in the second quarter valued at about $29,000. Hallmark Capital Management Inc. purchased a new position in shares of Seagate Technology during the second quarter valued at approximately $32,000. Ronald Blue Trust Inc. purchased a new position in shares of Seagate Technology during the second quarter valued at approximately $33,000. West Branch Capital LLC purchased a new position in shares of Seagate Technology during the second quarter valued at approximately $35,000. Finally, Janiczek Wealth Management LLC lifted its stake in shares of Seagate Technology by 286.4% during the second quarter. Janiczek Wealth Management LLC now owns 541 shares of the data storage provider's stock valued at $43,000 after buying an additional 401 shares during the period. Hedge funds and other institutional investors own 82.69% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Barclays reduced their price objective on shares of Seagate Technology from $65.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 27th. UBS Group downgraded shares of Seagate Technology from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $85.00 to $55.00 in a research note on Thursday, October 27th. Morgan Stanley cut their price target on shares of Seagate Technology from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 27th. TheStreet downgraded shares of Seagate Technology from a "b-" rating to a "c" rating in a research note on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Seagate Technology from $60.00 to $55.00 in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Seagate Technology presently has an average rating of "Hold" and a consensus target price of $70.17.
Seagate Technology Price Performance
STX opened at $57.26 on Friday. The company has a fifty day simple moving average of $53.54 and a 200 day simple moving average of $62.29. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 32.24 and a beta of 1.06. Seagate Technology Holdings plc has a twelve month low of $47.47 and a twelve month high of $117.03. The company has a current ratio of 1.19, a quick ratio of 0.68 and a debt-to-equity ratio of 46.44.
Seagate Technology (NASDAQ:STX - Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The data storage provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.15). The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.11 billion. Seagate Technology had a return on equity of 716.97% and a net margin of 10.89%. Seagate Technology's revenue was down 34.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 earnings per share. Equities research analysts expect that Seagate Technology Holdings plc will post 1.47 EPS for the current fiscal year.
Seagate Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Wednesday, December 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.89%. The ex-dividend date was Tuesday, December 20th. Seagate Technology's dividend payout ratio is currently 53.85%.
About Seagate Technology
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.
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