DigitalBridge Group Inc. Buys 195,282 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

DigitalBridge Group Inc. lifted its position in Seagate Technology Holdings plc (NASDAQ:STX) by 69.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 478,490 shares of the data storage provider’s stock after acquiring an additional 195,282 shares during the quarter. Seagate Technology comprises approximately 2.9% of DigitalBridge Group Inc.’s portfolio, making the stock its 11th largest holding. DigitalBridge Group Inc.’s holdings in Seagate Technology were worth $41,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STX. JFS Wealth Advisors LLC boosted its holdings in Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 113 shares during the last quarter. Human Investing LLC purchased a new position in shares of Seagate Technology in the 4th quarter worth approximately $48,000. Mizuho Bank Ltd. grew its holdings in shares of Seagate Technology by 140.0% in the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 350 shares in the last quarter. Johnson Financial Group Inc. increased its position in shares of Seagate Technology by 22.7% during the fourth quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 112 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Seagate Technology during the third quarter worth $54,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the completion of the transaction, the chief executive officer now owns 555,677 shares of the company’s stock, valued at $46,988,047.12. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by company insiders.

Seagate Technology Stock Up 0.3 %

STX stock opened at $93.90 on Wednesday. Seagate Technology Holdings plc has a twelve month low of $63.19 and a twelve month high of $115.32. The firm has a market capitalization of $19.88 billion, a PE ratio of 17.17 and a beta of 1.32. The stock has a 50-day simple moving average of $82.99 and a two-hundred day simple moving average of $92.56.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. Seagate Technology’s revenue was up 30.5% on a year-over-year basis. On average, equities research analysts anticipate that Seagate Technology Holdings plc will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Wednesday, June 25th. Seagate Technology’s dividend payout ratio is 41.62%.

Analyst Ratings Changes

A number of research analysts have issued reports on STX shares. Mizuho reduced their price objective on Seagate Technology from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Seagate Technology in a research report on Wednesday, April 30th. Citigroup lowered their price objective on shares of Seagate Technology from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company reduced their target price on shares of Seagate Technology from $120.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Finally, Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.89.

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.