PFG Investments LLC Acquires Shares of 5,490 Seagate Technology Holdings plc (NASDAQ:STX)

PFG Investments LLC bought a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) during the first quarter, Holdings Channel.com reports. The fund bought 5,490 shares of the data storage provider’s stock, valued at approximately $511,000.

Other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Seagate Technology during the fourth quarter worth $26,000. CVA Family Office LLC bought a new stake in shares of Seagate Technology during the 4th quarter worth about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Seagate Technology during the 4th quarter worth about $28,000. Northwest Financial Advisors bought a new position in Seagate Technology in the 4th quarter valued at about $31,000. Finally, Parkside Financial Bank & Trust lifted its position in Seagate Technology by 85.4% during the third quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Susquehanna increased their price objective on Seagate Technology from $50.00 to $55.00 and gave the stock a “negative” rating in a research report on Wednesday, April 10th. Mizuho reissued a “buy” rating and issued a $100.00 target price on shares of Seagate Technology in a research report on Tuesday, April 9th. Evercore ISI started coverage on shares of Seagate Technology in a research report on Tuesday, February 27th. They set an “outperform” rating and a $110.00 price target on the stock. Finally, Wedbush reissued a “neutral” rating and issued a $100.00 price objective on shares of Seagate Technology in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $94.53.

Seagate Technology Stock Up 0.0 %

Shares of STX stock traded up $0.04 during trading hours on Monday, reaching $86.08. The company’s stock had a trading volume of 2,049,859 shares, compared to its average volume of 2,859,390. Seagate Technology Holdings plc has a fifty-two week low of $54.47 and a fifty-two week high of $101.26. The company has a market capitalization of $18.03 billion, a price-to-earnings ratio of -66.73, a PEG ratio of 238.62 and a beta of 1.04. The firm’s 50 day simple moving average is $89.22 and its 200-day simple moving average is $83.14.

Seagate Technology (NASDAQ:STX) last released its 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 business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. The business’s revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.43) EPS. Sell-side analysts predict that Seagate Technology Holdings plc will post 0.3 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.25%. The ex-dividend date is Thursday, June 20th. Seagate Technology’s payout ratio is -217.05%.

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.