Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) CFO Gianluca Romano sold 9,076 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $7,708,700.60. Following the completion of the transaction, the chief financial officer directly owned 22,997 shares in the company, valued at $19,532,501.95. The trade was a 28.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Gianluca Romano also recently made the following trade(s):
- On Friday, August 7th, Gianluca Romano sold 7,240 shares of Seagate Technology stock. The stock was sold at an average price of $781.64, for a total transaction of $5,659,073.60.
- On Friday, August 7th, Gianluca Romano sold 14,091 shares of Seagate Technology stock. The stock was sold at an average price of $811.25, for a total transaction of $11,431,323.75.
- On Friday, August 7th, Gianluca Romano sold 880 shares of Seagate Technology stock. The shares were sold at an average price of $845.12, for a total transaction of $743,705.60.
- On Friday, June 12th, Gianluca Romano sold 903 shares of Seagate Technology stock. The stock was sold at an average price of $880.19, for a total value of $794,811.57.
- On Wednesday, June 10th, Gianluca Romano sold 1,350 shares of Seagate Technology stock. The shares were sold at an average price of $821.76, for a total value of $1,109,376.00.
Seagate Technology Stock Performance
Shares of NASDAQ STX traded down $55.35 during trading hours on Monday, reaching $794.65. 3,203,008 shares of the stock were exchanged, compared to its average volume of 4,427,493. The firm has a market capitalization of $180.11 billion, a price-to-earnings ratio of 57.25 and a beta of 2.06. The stock’s fifty day simple moving average is $893.23 and its 200 day simple moving average is $683.35. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. Seagate Technology Holdings PLC has a 52 week low of $158.68 and a 52 week high of $1,145.00.
Seagate Technology Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Evercore boosted their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Barclays lifted their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. BNP Paribas Exane raised their price objective on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley lifted their price objective on Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $986.00.
Get Our Latest Stock Report on Seagate Technology
Institutional Investors Weigh In On Seagate Technology
Large investors have recently modified their holdings of the business. Rakuten Securities Inc. raised its holdings in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares in the last quarter. Concord Wealth Partners acquired a new stake in Seagate Technology in the fourth quarter valued at about $28,000. Retirement Wealth Solutions LLC boosted its stake in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after buying an additional 12 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 15 shares during the last quarter. Finally, Quarry LP acquired a new position in Seagate Technology during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 92.87% of the company’s stock.
About Seagate Technology
Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.
Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.
Read More
- Five stocks we like better than Seagate Technology
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.
