Foundations Investment Advisors LLC Buys 213 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Foundations Investment Advisors LLC increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 10.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,299 shares of the data storage provider’s stock after acquiring an additional 213 shares during the period. Foundations Investment Advisors LLC’s holdings in Seagate Technology were worth $252,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Quarry LP bought a new position in shares of Seagate Technology in the 2nd quarter valued at about $27,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Seagate Technology by 2,407.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 337 shares during the period. Family Firm Inc. acquired a new position in Seagate Technology during the second quarter worth approximately $41,000. Larson Financial Group LLC raised its stake in Seagate Technology by 15,766.7% in the second quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock valued at $49,000 after buying an additional 473 shares during the period. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Seagate Technology in the third quarter valued at approximately $55,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total transaction of $72,075.00. Following the completion of the transaction, the director now owns 3,034 shares of the company’s stock, valued at approximately $291,567.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP John Christopher Morris sold 1,131 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $111.90, for a total transaction of $126,558.90. Following the sale, the senior vice president now owns 7,191 shares in the company, valued at $804,672.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $96.10, for a total value of $72,075.00. Following the completion of the transaction, the director now owns 3,034 shares of the company’s stock, valued at $291,567.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 218,398 shares of company stock worth $23,238,106 in the last ninety days. 0.89% of the stock is owned by insiders.

Seagate Technology Stock Down 0.9 %

STX stock opened at $103.01 on Friday. Seagate Technology Holdings plc has a 52 week low of $64.12 and a 52 week high of $115.32. The business has a 50-day simple moving average of $105.16 and a 200 day simple moving average of $99.75. The company has a market cap of $21.63 billion, a PE ratio of -79.85 and a beta of 1.04.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.28. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. Seagate Technology had a net margin of 11.34% and a negative return on equity of 30.18%. The firm’s quarterly revenue was up 49.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.34) EPS. On average, analysts anticipate that Seagate Technology Holdings plc will post 7.09 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.80%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s payout ratio is -217.05%.

Analyst Upgrades and Downgrades

STX has been the topic of a number of recent analyst reports. Barclays boosted their target price on Seagate Technology from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Evercore ISI increased their price objective on shares of Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price on shares of Seagate Technology from $96.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Rosenblatt Securities upped their price target on shares of Seagate Technology from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Citigroup raised their price objective on shares of Seagate Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.83.

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.