1,200 Shares in Seagate Technology Holdings PLC $STX Acquired by Vision Financial Markets LLC

Vision Financial Markets LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,200 shares of the data storage provider’s stock, valued at approximately $173,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Salvus Wealth Management LLC lifted its holdings in Seagate Technology by 2.0% during the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after acquiring an additional 68 shares in the last quarter. GoalVest Advisory LLC boosted its stake in Seagate Technology by 30.6% in the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 75 shares during the period. Angeles Wealth Management LLC boosted its position in shares of Seagate Technology by 2.2% during the second quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock worth $503,000 after buying an additional 76 shares during the period. Bessemer Group Inc. boosted its position in shares of Seagate Technology by 3.3% during the second quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock worth $361,000 after buying an additional 81 shares during the period. Finally, Moody National Bank Trust Division boosted its position in shares of Seagate Technology by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock worth $668,000 after buying an additional 89 shares during the period. 92.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on STX. UBS Group upped their price target on Seagate Technology from $155.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Barclays increased their target price on shares of Seagate Technology from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Robert W. Baird increased their target price on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Mizuho increased their price objective on shares of Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Loop Capital increased their price objective on shares of Seagate Technology from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.65.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $230.32 on Tuesday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $264.83. The company has a market capitalization of $49.05 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 1.03 and a beta of 1.63. The company has a 50-day simple moving average of $206.12 and a 200 day simple moving average of $152.38.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was up 29.5% on a year-over-year basis. As a group, equities analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Insider Activity

In other news, insider James Ci Lee sold 3,509 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the sale, the insider owned 1,288 shares in the company, valued at approximately $199,305.12. This trade represents a 73.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Christopher Morris sold 15,347 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the completion of the transaction, the executive vice president directly owned 9,843 shares in the company, valued at approximately $1,927,259.40. This represents a 60.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,620 shares of company stock valued at $14,464,056. 0.79% of the stock is owned by company insiders.

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.