nVerses Capital LLC Acquires 1,400 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

nVerses Capital LLC increased its position in Seagate Technology Holdings plc (NASDAQ:STX) by 18.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,100 shares of the data storage provider’s stock after acquiring an additional 1,400 shares during the period. nVerses Capital LLC’s holdings in Seagate Technology were worth $997,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Seagate Technology in the second quarter worth $27,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Seagate Technology by 2,407.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 337 shares during the period. Family Firm Inc. bought a new stake in shares of Seagate Technology in the second quarter worth $41,000. Larson Financial Group LLC grew its holdings in shares of Seagate Technology by 15,766.7% in the second quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock worth $49,000 after acquiring an additional 473 shares during the period. Finally, Viking Fund Management LLC grew its holdings in shares of Seagate Technology by 722.2% in the first quarter. Viking Fund Management LLC now owns 740 shares of the data storage provider’s stock worth $69,000 after acquiring an additional 650 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 10,117 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $110.00, for a total value of $1,112,870.00. Following the transaction, the executive vice president now directly owns 5,387 shares of the company’s stock, valued at approximately $592,570. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Seagate Technology news, EVP Ban Seng Teh sold 10,117 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $110.00, for a total value of $1,112,870.00. Following the transaction, the executive vice president now directly owns 5,387 shares of the company’s stock, valued at $592,570. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $96.10, for a total transaction of $72,075.00. Following the completion of the sale, the director now owns 3,034 shares of the company’s stock, valued at $291,567.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,284 shares of company stock valued at $23,800,887. 0.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on STX. Rosenblatt Securities lifted their price objective on Seagate Technology from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Loop Capital boosted their price target on Seagate Technology from $105.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company boosted their price objective on Seagate Technology from $90.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Wedbush boosted their price objective on Seagate Technology from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, StockNews.com raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $115.94.

Seagate Technology Stock Performance

STX stock traded up $0.89 during midday trading on Thursday, reaching $112.62. The stock had a trading volume of 487,264 shares, compared to its average volume of 2,480,245. The stock has a market cap of $23.71 billion, a PE ratio of 72.55 and a beta of 1.04. The firm has a fifty day simple moving average of $103.64 and a two-hundred day simple moving average of $98.86. Seagate Technology Holdings plc has a 52-week low of $64.12 and a 52-week high of $115.32.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.29. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm earned ($0.29) EPS. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, sell-side analysts predict that Seagate Technology Holdings plc will post 7.09 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 23rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Monday, September 23rd. Seagate Technology’s dividend payout ratio (DPR) is presently 181.82%.

Seagate Technology Company Profile

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.