Gulf Worldwide Financial institution UK Ltd lower its place in Seagate Expertise Holdings plc (NASDAQ:STX – Free Report) by 4.9% throughout the third quarter, HoldingsChannel reviews. The agency owned 14,764 shares of the info storage supplier’s inventory after promoting 762 shares throughout the quarter. Gulf Worldwide Financial institution UK Ltd’s holdings in Seagate Expertise had been value $1,617,000 as of its most up-to-date SEC submitting.
Plenty of different massive traders additionally not too long ago modified their holdings of the corporate. QRG Capital Administration Inc. elevated its place in shares of Seagate Expertise by 1.8% within the third quarter. QRG Capital Administration Inc. now owns 10,330 shares of the info storage supplier’s inventory valued at $1,131,000 after buying an extra 183 shares over the past quarter. Vestor Capital LLC elevated its place in shares of Seagate Expertise by 55.5% within the third quarter. Vestor Capital LLC now owns 689 shares of the info storage supplier’s inventory valued at $75,000 after buying an extra 246 shares over the past quarter. Janney Montgomery Scott LLC elevated its place in shares of Seagate Expertise by 13.9% within the third quarter. Janney Montgomery Scott LLC now owns 73,064 shares of the info storage supplier’s inventory valued at $8,003,000 after buying an extra 8,944 shares over the past quarter. Farther Finance Advisors LLC grew its place in shares of Seagate Expertise by 5.3% within the third quarter. Farther Finance Advisors LLC now owns 4,954 shares of the info storage supplier’s inventory valued at $543,000 after shopping for an extra 250 shares over the past quarter. Lastly, Gladstone Institutional Advisory LLC grew its place in shares of Seagate Expertise by 25.6% within the third quarter. Gladstone Institutional Advisory LLC now owns 5,078 shares of the info storage supplier’s inventory valued at $556,000 after shopping for an extra 1,036 shares over the past quarter. 92.87% of the inventory is owned by hedge funds and different institutional traders.
Seagate Expertise Inventory Efficiency
STX inventory opened at $105.11 on Friday. Seagate Expertise Holdings plc has a one yr low of $70.41 and a one yr excessive of $115.32. The inventory has a market capitalization of $22.23 billion, a PE ratio of 27.44 and a beta of 1.05. The corporate has a fifty day transferring common of $104.95 and a 200-day transferring common of $100.67.
Seagate Expertise (NASDAQ:STX – Get Free Report) final launched its earnings outcomes on Tuesday, October twenty second. The information storage supplier reported $1.58 EPS for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Expertise had a web margin of 11.34% and a unfavourable return on fairness of 32.19%. The corporate had income of $2.17 billion throughout the quarter, in comparison with analysts’ expectations of $2.13 billion. Throughout the identical quarter final yr, the enterprise earned ($0.34) EPS. The enterprise’s income was up 49.1% on a year-over-year foundation. Equities analysts forecast that Seagate Expertise Holdings plc will put up 7.35 earnings per share for the present fiscal yr.
Seagate Expertise Will increase Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Monday, January sixth. Traders of file on Sunday, December fifteenth will probably be paid a $0.72 dividend. It is a increase from Seagate Expertise’s earlier quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, December thirteenth. This represents a $2.88 annualized dividend and a dividend yield of two.74%. Seagate Expertise’s dividend payout ratio (DPR) is 73.11%.
Analysts Set New Worth Targets
STX has been the subject of plenty of current analyst reviews. Northland Securities elevated their goal value on shares of Seagate Expertise from $142.00 to $144.00 and gave the corporate an “outperform” score in a analysis report on Wednesday, October twenty third. Robert W. Baird elevated their goal value on shares of Seagate Expertise from $100.00 to $120.00 and gave the corporate an “outperform” score in a analysis report on Wednesday, July twenty fourth. UBS Group elevated their goal value on shares of Seagate Expertise from $110.00 to $120.00 and gave the corporate a “impartial” score in a analysis report on Wednesday, July twenty fourth. Evercore ISI raised their value goal on shares of Seagate Expertise from $125.00 to $135.00 and gave the inventory an “outperform” score in a analysis report on Wednesday, October twenty third. Lastly, Susquehanna raised their value goal on shares of Seagate Expertise from $55.00 to $65.00 and gave the inventory a “unfavourable” score in a analysis report on Wednesday, July twenty fourth. Two analysts have rated the inventory with a promote score, six have given a maintain score and twelve have given a purchase score to the inventory. Primarily based on knowledge from MarketBeat, Seagate Expertise presently has a consensus score of “Reasonable Purchase” and a consensus goal value of $118.83.
Learn Our Newest Inventory Evaluation on STX
Insider Exercise at Seagate Expertise
In associated information, Director Yolanda Lee Conyers offered 750 shares of the agency’s inventory in a transaction dated Wednesday, September 4th. The shares had been offered at a mean value of $96.10, for a complete worth of $72,075.00. Following the completion of the sale, the director now owns 3,034 shares within the firm, valued at $291,567.40. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the Securities & Change Fee, which is obtainable at this hyperlink. In different Seagate Expertise information, EVP Ban Seng Teh offered 4,872 shares of Seagate Expertise inventory in a transaction dated Thursday, September twenty sixth. The shares had been offered at a mean value of $110.00, for a complete transaction of $535,920.00. Following the completion of the transaction, the manager vp now owns 9,969 shares within the firm, valued at roughly $1,096,590. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. Additionally, Director Yolanda Lee Conyers offered 750 shares of Seagate Expertise inventory in a transaction dated Wednesday, September 4th. The inventory was offered at a mean value of $96.10, for a complete transaction of $72,075.00. Following the transaction, the director now owns 3,034 shares of the corporate’s inventory, valued at roughly $291,567.40. The commerce was a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Insiders offered 192,638 shares of firm inventory value $20,924,155 during the last 90 days. Firm insiders personal 0.81% of the corporate’s inventory.
About Seagate Expertise
Seagate Expertise Holdings plc gives knowledge storage expertise and options in Singapore, the USA, the Netherlands, and internationally. It gives mass capability storage merchandise, together with enterprise nearline arduous disk drives (HDDs), enterprise nearline strong state drives (SSDs), enterprise nearline programs, video and picture HDDs, and network-attached storage drives.
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