Nikulski Financial Inc. Buys 226 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Nikulski Financial Inc. raised its position in Seagate Technology Holdings plc (NASDAQ:STX) by 9.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,562 shares of the data storage provider’s stock after buying an additional 226 shares during the period. Nikulski Financial Inc.’s holdings in Seagate Technology were worth $281,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new position in Seagate Technology in the second quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Seagate Technology by 2,407.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 337 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Seagate Technology during the second quarter worth $41,000. JFS Wealth Advisors LLC lifted its stake in Seagate Technology by 232.5% in the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after buying an additional 293 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Seagate Technology by 15,766.7% during the 2nd quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock worth $49,000 after buying an additional 473 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 141,785 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $110.18, for a total value of $15,621,871.30. Following the completion of the transaction, the chief executive officer now directly owns 668,616 shares in the company, valued at approximately $73,668,110.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $93.46, for a total value of $1,869,200.00. Following the transaction, the chief executive officer now directly owns 654,270 shares of the company’s stock, valued at $61,148,074.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 141,785 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $110.18, for a total transaction of $15,621,871.30. Following the sale, the chief executive officer now directly owns 668,616 shares of the company’s stock, valued at $73,668,110.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,398 shares of company stock valued at $23,238,106 over the last ninety days. 0.89% of the stock is owned by corporate insiders.

Seagate Technology Trading Up 0.8 %

NASDAQ STX traded up $0.78 during trading on Thursday, reaching $100.57. The company’s stock had a trading volume of 477,670 shares, compared to its average volume of 2,509,328. Seagate Technology Holdings plc has a 12 month low of $66.93 and a 12 month high of $115.32. The firm has a 50 day moving average price of $104.97 and a 200 day moving average price of $100.03. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of -77.36 and a beta of 1.04.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.28. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The company’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.34) EPS. On average, equities analysts forecast that Seagate Technology Holdings plc will post 7.35 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be paid a $0.72 dividend. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, December 13th. This represents a $2.88 annualized dividend and a dividend yield of 2.86%. Seagate Technology’s dividend payout ratio (DPR) is presently -223.26%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays upped their target price on shares of Seagate Technology from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. UBS Group raised their price objective on Seagate Technology from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. StockNews.com raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, October 23rd. Finally, Evercore ISI lifted their price target on Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $118.83.

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.