HB Wealth Administration LLC Has $260,000 Inventory Holdings in Seagate Know-how Holdings plc (NASDAQ:STX)


HB Wealth Administration LLC boosted its holdings in shares of Seagate Know-how Holdings plc (NASDAQ:STX – Free Report) by 18.0% throughout the 1st quarter, based on its most up-to-date disclosure with the Securities and Change Fee. The agency owned 2,799 shares of the information storage supplier’s inventory after shopping for a further 427 shares throughout the interval. HB Wealth Administration LLC’s holdings in Seagate Know-how had been value $260,000 as of its most up-to-date submitting with the Securities and Change Fee.

A number of different hedge funds have additionally lately purchased and offered shares of STX. Farmers & Retailers Belief Co of Chambersburg PA bought a brand new stake in shares of Seagate Know-how within the fourth quarter value roughly $26,000. CVA Household Workplace LLC bought a brand new stake in Seagate Know-how within the 4th quarter value roughly $27,000. Turtle Creek Wealth Advisors LLC acquired a brand new stake in shares of Seagate Know-how throughout the 4th quarter valued at $28,000. Northwest Monetary Advisors bought a brand new place in shares of Seagate Know-how throughout the 4th quarter valued at $31,000. Lastly, Valley Nationwide Advisers Inc. elevated its stake in shares of Seagate Know-how by 39.7% within the fourth quarter. Valley Nationwide Advisers Inc. now owns 507 shares of the information storage supplier’s inventory value $43,000 after buying a further 144 shares over the last quarter. 92.87% of the inventory is owned by hedge funds and different institutional buyers.

Seagate Know-how Inventory Up 0.7 %

Shares of STX inventory opened at $102.04 on Friday. The inventory has a 50 day shifting common of $96.98 and a 200-day shifting common of $90.78. The agency has a market cap of $21.43 billion, a PE ratio of -79.10 and a beta of 1.02. Seagate Know-how Holdings plc has a 12 month low of $57.32 and a 12 month excessive of $107.91.

Seagate Know-how (NASDAQ:STX – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, April twenty third. The info storage supplier reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The corporate had income of $1.66 billion throughout the quarter, in comparison with the consensus estimate of $1.68 billion. Throughout the identical interval final 12 months, the corporate earned ($0.43) earnings per share. Seagate Know-how’s income for the quarter was down 11.0% on a year-over-year foundation. As a gaggle, equities analysts predict that Seagate Know-how Holdings plc will put up 0.44 EPS for the present fiscal 12 months.

Seagate Know-how Proclaims Dividend

The corporate additionally lately disclosed a quarterly dividend, which was paid on Friday, July fifth. Shareholders of file on Thursday, June twentieth got a $0.70 dividend. The ex-dividend date of this dividend was Thursday, June twentieth. This represents a $2.80 dividend on an annualized foundation and a dividend yield of two.74%. Seagate Know-how’s dividend payout ratio is presently -217.05%.

Insider Transactions at Seagate Know-how

In associated information, SVP John Christopher Morris offered 5,928 shares of the agency’s inventory in a transaction on Tuesday, June eleventh. The inventory was offered at a mean value of $99.99, for a complete worth of $592,740.72. Following the completion of the transaction, the senior vice chairman now instantly owns 12,185 shares of the corporate’s inventory, valued at $1,218,378.15. The sale was disclosed in a doc filed with the SEC, which could be accessed by way of the SEC web site. In associated information, EVP Ban Seng Teh offered 9,703 shares of the agency’s inventory in a transaction that occurred on Tuesday, Might 14th. The inventory was offered at a mean value of $95.00, for a complete transaction of $921,785.00. Following the completion of the transaction, the manager vice chairman now owns 15,185 shares within the firm, valued at roughly $1,442,575. The transaction was disclosed in a submitting with the Securities & Change Fee, which is out there by way of this hyperlink. Additionally, SVP John Christopher Morris offered 5,928 shares of the corporate’s inventory in a transaction on Tuesday, June eleventh. The shares had been offered at a mean value of $99.99, for a complete worth of $592,740.72. Following the completion of the sale, the senior vice chairman now owns 12,185 shares within the firm, valued at $1,218,378.15. The disclosure for this sale could be discovered right here. Within the final quarter, insiders have offered 37,531 shares of firm inventory valued at $3,592,946. 0.89% of the inventory is owned by company insiders.

Wall Avenue Analyst Weigh In

Quite a few analysis analysts have commented on STX shares. UBS Group boosted their goal value on Seagate Know-how from $90.00 to $95.00 and gave the corporate a “impartial” ranking in a analysis be aware on Wednesday, April twenty fourth. Morgan Stanley raised Seagate Know-how from an “equal weight” ranking to an “chubby” ranking and boosted their value goal for the corporate from $73.00 to $115.00 in a analysis be aware on Tuesday, March twenty sixth. Financial institution of America reaffirmed a “purchase” ranking and set a $110.00 value goal on shares of Seagate Know-how in a analysis report on Wednesday, June fifth. Susquehanna boosted their goal value on shares of Seagate Know-how from $50.00 to $55.00 and gave the inventory a “unfavourable” ranking in a analysis report on Wednesday, April tenth. Lastly, Wedbush upgraded shares of Seagate Know-how from a “impartial” ranking to an “outperform” ranking and set a $100.00 value goal on the inventory in a report on Wednesday, Might 1st. Two analysis analysts have rated the inventory with a promote ranking, eight have assigned a maintain ranking and ten have assigned a purchase ranking to the corporate’s inventory. In response to MarketBeat, Seagate Know-how has a consensus ranking of “Maintain” and a consensus goal value of $98.29.

Get Our Newest Evaluation on STX

Seagate Know-how Firm Profile

(Free Report)

Seagate Know-how Holdings plc offers knowledge storage know-how and options in Singapore, the USA, the Netherlands, and internationally. It offers mass capability storage merchandise, together with enterprise nearline onerous disk drives (HDDs), enterprise nearline stable state drives (SSDs), enterprise nearline methods, video and picture HDDs, and network-attached storage drives.

Additional Studying

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



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