Envestnet Portfolio Solutions Inc. Has $274,000 Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 72.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,215 shares of the data storage provider’s stock after selling 8,652 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Seagate Technology were worth $274,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of STX. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Seagate Technology during the 4th quarter worth about $26,000. CVA Family Office LLC bought a new stake in Seagate Technology during the 4th quarter worth about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Seagate Technology during the 4th quarter worth about $28,000. Parkside Financial Bank & Trust raised its holdings in shares of Seagate Technology by 85.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 205 shares during the period. Finally, Northwest Financial Advisors bought a new stake in shares of Seagate Technology in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STX. Susquehanna upped their target price on shares of Seagate Technology from $50.00 to $55.00 and gave the company a “negative” rating in a report on Wednesday, April 10th. Cantor Fitzgerald upped their target price on shares of Seagate Technology from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Benchmark reiterated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, April 24th. Citigroup initiated coverage on shares of Seagate Technology in a research note on Tuesday, May 14th. They issued a “buy” rating and a $110.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on shares of Seagate Technology from $84.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $95.50.

Insider Buying and Selling

In related news, SVP John Christopher Morris sold 11,158 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $90.00, for a total value of $1,004,220.00. Following the completion of the transaction, the senior vice president now owns 17,767 shares of the company’s stock, valued at approximately $1,599,030. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Ban Seng Teh sold 9,703 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $95.00, for a total value of $921,785.00. Following the completion of the transaction, the executive vice president now owns 15,185 shares of the company’s stock, valued at approximately $1,442,575. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John Christopher Morris sold 11,158 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $90.00, for a total transaction of $1,004,220.00. Following the transaction, the senior vice president now directly owns 17,767 shares of the company’s stock, valued at approximately $1,599,030. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Seagate Technology Trading Up 0.8 %

NASDAQ STX opened at $94.19 on Friday. The firm has a market capitalization of $19.78 billion, a price-to-earnings ratio of -73.02, a P/E/G ratio of 191.19 and a beta of 1.06. The firm’s 50 day simple moving average is $89.73 and its 200 day simple moving average is $86.07. Seagate Technology Holdings plc has a 1 year low of $57.06 and a 1 year high of $101.26.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. The business’s revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.43) EPS. On average, equities research analysts forecast that Seagate Technology Holdings plc will post 0.4 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, June 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. Seagate Technology’s dividend payout ratio is -217.05%.

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.