Dai Ichi Life Insurance coverage Firm Ltd decreased its stake in shares of Seagate Expertise Holdings plc (NASDAQ:STX) by 11.3% within the third quarter, in accordance with its most up-to-date 13F submitting with the Securities and Change Fee (SEC). The institutional investor owned 8,981 shares of the info storage supplier’s inventory after promoting 1,141 shares throughout the quarter. Dai Ichi Life Insurance coverage Firm Ltd’s holdings in Seagate Expertise have been value $741,000 as of its most up-to-date SEC submitting.
Quite a few different institutional traders and hedge funds additionally lately made adjustments to their positions in STX. Macquarie Group Ltd. lifted its holdings in Seagate Expertise by 2,407.2% throughout the 2nd quarter. Macquarie Group Ltd. now owns 880,637 shares of the info storage supplier’s inventory valued at $77,436,000 after shopping for an extra 845,512 shares within the final quarter. BlackRock Inc. lifted its holdings in Seagate Expertise by 4.9% throughout the 2nd quarter. BlackRock Inc. now owns 15,798,731 shares of the info storage supplier’s inventory valued at $1,389,181,000 after shopping for an extra 739,001 shares within the final quarter. Amundi purchased a brand new stake in Seagate Expertise throughout the 2nd quarter valued at about $44,409,000. Jupiter Asset Administration Ltd. bought a brand new place in Seagate Expertise throughout the 2nd quarter valued at about $37,285,000. Lastly, Nordea Funding Administration AB elevated its place in Seagate Expertise by 88.3% throughout the third quarter. Nordea Funding Administration AB now owns 593,884 shares of the info storage supplier’s inventory valued at $49,462,000 after buying an extra 278,485 shares throughout the interval. Institutional traders personal 78.55% of the corporate’s inventory.
NASDAQ:STX opened at $112.98 on Friday. The corporate has a market cap of $25.15 billion, a PE ratio of 16.47, a P/E/G ratio of 11.28 and a beta of 1.02. Seagate Expertise Holdings plc has a twelve month low of $58.04 and a twelve month excessive of $116.93. The corporate has a present ratio of 1.27, a fast ratio of 0.86 and a debt-to-equity ratio of 8.14. The corporate’s 50 day shifting common is $102.38 and its two-hundred day shifting common is $91.85.
Seagate Expertise (NASDAQ:STX) final launched its earnings outcomes on Thursday, October twenty first. The information storage supplier reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.14. Seagate Expertise had a web margin of 14.08% and a return on fairness of 234.31%. The corporate had income of $3.11 billion for the quarter, in comparison with the consensus estimate of $3.10 billion. Throughout the identical quarter within the earlier 12 months, the agency earned $0.85 EPS. Seagate Expertise’s income was up 34.6% in comparison with the identical quarter final 12 months. As a gaggle, analysts count on that Seagate Expertise Holdings plc will submit 8.16 EPS for the present fiscal 12 months.
The agency additionally lately disclosed a quarterly dividend, which will likely be paid on Wednesday, January fifth. Shareholders of document on Wednesday, December twenty second will likely be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of two.48%. This can be a enhance from Seagate Expertise’s earlier quarterly dividend of $0.67. The ex-dividend date is Tuesday, December twenty first. Seagate Expertise’s payout ratio is presently 40.82%.
In associated information, EVP Ravi Naik offered 323 shares of the enterprise’s inventory in a transaction on Monday, November 1st. The shares have been offered at a mean value of $91.56, for a complete worth of $29,573.88. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is offered via this hyperlink. Additionally, CFO Gianluca Romano offered 26,139 shares of the enterprise’s inventory in a transaction on Monday, October 4th. The shares have been offered at a mean value of $84.40, for a complete transaction of $2,206,131.60. The disclosure for this sale will be discovered right here. During the last 90 days, insiders have offered 1,170,755 shares of firm inventory valued at $122,882,236. Firm insiders personal 0.81% of the corporate’s inventory.
Quite a few analysis analysts have commented on STX shares. Morgan Stanley downgraded shares of Seagate Expertise from an “chubby” ranking to an “equal weight” ranking and lower their goal value for the corporate from $118.00 to $88.00 in a analysis report on Wednesday, October sixth. Susquehanna raised their goal value on shares of Seagate Expertise from $90.00 to $93.00 and gave the corporate a “impartial” ranking in a analysis report on Monday, October twenty fifth. Susquehanna Bancshares reissued a “maintain” ranking on shares of Seagate Expertise in a analysis report on Monday, October eleventh. Rosenblatt Securities reissued a “purchase” ranking and set a $115.00 goal value on shares of Seagate Expertise in a analysis report on Friday, October twenty ninth. Lastly, Zacks Funding Analysis downgraded shares of Seagate Expertise from a “purchase” ranking to a “maintain” ranking and set a $117.00 goal value on the inventory. in a analysis report on Monday, December twenty seventh. Fourteen analysis analysts have rated the inventory with a maintain ranking and ten have assigned a purchase ranking to the corporate. In response to MarketBeat, the corporate presently has a consensus ranking of “Maintain” and a consensus goal value of $97.74.
Seagate Expertise Firm Profile
Seagate Expertise Holdings Plc operates as holding firm that’s engaged within the growth, manufacturing, and distribution of knowledge storage merchandise and digital information storage options. Its merchandise embrace exhausting disk drives, stable state hybrid drives, stable state drives, peripheral part interconnect specific playing cards, serial superior expertise attachment controllers, storage subsystems and computing options.
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