Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by National Bank of Canada FI

National Bank of Canada FI grew its position in Seagate Technology Holdings plc (NASDAQ:STX) by 110.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,452 shares of the data storage provider’s stock after purchasing an additional 66,423 shares during the period. National Bank of Canada FI’s holdings in Seagate Technology were worth $13,850,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of STX. Kovitz Investment Group Partners LLC boosted its position in Seagate Technology by 1.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 115,355 shares of the data storage provider’s stock worth $12,327,000 after purchasing an additional 1,118 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in shares of Seagate Technology during the third quarter worth about $1,036,000. State Street Corp boosted its position in shares of Seagate Technology by 6.8% in the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after buying an additional 541,585 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in shares of Seagate Technology in the third quarter valued at about $2,250,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Seagate Technology by 36.9% during the 3rd quarter. Quantinno Capital Management LP now owns 23,188 shares of the data storage provider’s stock valued at $2,540,000 after buying an additional 6,249 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 642,497 shares of the company’s stock, valued at approximately $63,947,726.41. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the transaction, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,820 shares of company stock worth $23,953,746 in the last three months. 0.81% of the stock is owned by company insiders.

Seagate Technology Stock Performance

NASDAQ STX opened at $97.59 on Wednesday. The firm has a market capitalization of $20.64 billion, a PE ratio of 25.48 and a beta of 1.03. Seagate Technology Holdings plc has a one year low of $79.39 and a one year high of $115.32. The company has a 50-day simple moving average of $103.23 and a 200-day simple moving average of $102.19.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.28. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. The business’s revenue for the quarter was up 49.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.34) EPS. Equities analysts forecast that Seagate Technology Holdings plc will post 7.18 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a dividend yield of 2.95%. Seagate Technology’s payout ratio is currently 73.11%.

Analyst Ratings Changes

Several brokerages have issued reports on STX. StockNews.com raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Citigroup raised their price target on shares of Seagate Technology from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $125.00 price objective on shares of Seagate Technology in a report on Wednesday, October 23rd. Benchmark restated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, October 23rd. Finally, Evercore ISI boosted their price target on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.83.

About Seagate Technology

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.