Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STXGet Rating) by 58.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,951 shares of the data storage provider’s stock after acquiring an additional 8,500 shares during the period. Banque Cantonale Vaudoise’s holdings in Seagate Technology were worth $2,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in Seagate Technology during the first quarter worth $6,916,000. Stiles Financial Services Inc lifted its stake in shares of Seagate Technology by 2.0% in the first quarter. Stiles Financial Services Inc now owns 15,719 shares of the data storage provider’s stock valued at $1,413,000 after buying an additional 310 shares during the period. Los Angeles Capital Management LLC lifted its stake in Seagate Technology by 1,285.2% during the first quarter. Los Angeles Capital Management LLC now owns 46,834 shares of the data storage provider’s stock worth $4,210,000 after purchasing an additional 43,453 shares during the period. Motco bought a new position in Seagate Technology in the 1st quarter valued at $6,628,000. Finally, SouthState Corp bought a new stake in shares of Seagate Technology during the first quarter worth $90,000. Institutional investors own 87.48% of the company’s stock.

Seagate Technology Trading Up 0.7 %

NASDAQ:STX opened at $80.95 on Friday. The company has a market capitalization of $17.39 billion, a P/E ratio of 11.03, a PEG ratio of 9.23 and a beta of 1.07. The firm has a fifty day simple moving average of $77.23 and a 200-day simple moving average of $87.47. Seagate Technology Holdings plc has a 12 month low of $67.36 and a 12 month high of $117.67. The company has a current ratio of 1.13, a quick ratio of 0.69 and a debt-to-equity ratio of 46.44.

Seagate Technology (NASDAQ:STXGet Rating) last released its quarterly earnings data on Thursday, July 21st. The data storage provider reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.17). Seagate Technology had a net margin of 14.14% and a return on equity of 412.90%. During the same quarter in the previous year, the firm posted $1.92 earnings per share. On average, equities research analysts anticipate that Seagate Technology Holdings plc will post 7.18 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 20th. This represents a $2.80 annualized dividend and a yield of 3.46%. Seagate Technology’s payout ratio is 38.15%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Craig Hallum lowered Seagate Technology from a “buy” rating to a “hold” rating and cut their target price for the company from $112.00 to $79.00 in a research note on Wednesday. Benchmark decreased their price target on Seagate Technology from $93.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, July 22nd. Rosenblatt Securities dropped their price objective on shares of Seagate Technology from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Wells Fargo & Company lowered their price target on shares of Seagate Technology from $90.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. Finally, Summit Insights downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Hold” and an average target price of $89.85.

Seagate Technology Profile

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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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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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