Inlet Non-public Wealth LLC raised its stake in Seagate Expertise Holdings plc (NASDAQ:STX – Get Score ) by 8.8% through the fourth quarter, in keeping with its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The fund owned 116,264 shares of the information storage supplier’s inventory after shopping for a further 9,377 shares through the interval. Seagate Expertise makes up 1.6% of Inlet Non-public Wealth LLC’s funding portfolio, making the inventory its sixteenth greatest holding. Inlet Non-public Wealth LLC owned about 0.06% of Seagate Expertise value $6,117,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
Financial institution accounts: frozen! (From Weiss Scores)
Different hedge funds have additionally lately modified their holdings of the corporate. Panagora Asset Administration Inc. grew its place in Seagate Expertise by 65.3% through the first quarter. Panagora Asset Administration Inc. now owns 11,805 shares of the information storage supplier’s inventory valued at $1,061,000 after shopping for a further 4,663 shares within the final quarter. Rhumbline Advisers boosted its place in Seagate Expertise by 0.6% through the first quarter. Rhumbline Advisers now owns 182,883 shares of the information storage supplier’s inventory valued at $16,441,000 after shopping for a further 1,037 shares within the final quarter. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS grew its place in Seagate Expertise by 4.8% within the 1st quarter. Pennsylvania Public Faculty Empls Retrmt SYS now owns 26,946 shares of the storage supplier’s inventory value $2,422,000 after shopping for a further 1,237 shares within the final quarter. Sei Investments Co. grew its place in Seagate Expertise by 153.5% through the 1st quarter. Sei Investments Co. now owns 89,250 shares of the information storage supplier’s inventory value $8,059,000 after shopping for a further 54,038 shares within the final quarter. Lastly, Aviva PLC raised its stake in shares of Seagate Expertise by 44.3% within the first quarter. Aviva PLC now owns 95,541 shares of the information storage supplier’s inventory valued at $8,589,000 after buying a further 29,329 shares through the interval. 82.69% of shares are owned by hedge funds and different institutional buyers.
Insider shopping for and promoting
In different Seagate Expertise information, EVP Jeffrey D. Nygaard bought 36,809 shares of the inventory in a transaction on Wednesday, February 1st. The shares have been bought at a median value of $69.14 for a complete worth of $2,544,974.26. Following the sale, the manager vice chairman now straight owns 30,360 shares within the firm, valued at $2,099,090.40. The sale was disclosed in a submitting with the Securities and Trade Fee, which is on the market at this hyperlink. 1.00% of shares are presently owned by firm insiders.
Seagate Expertise Buying and selling rose 0.4%
Shares of Seagate Expertise inventory traded up $0.27 throughout buying and selling on Friday, reaching $65.25. The corporate had a buying and selling quantity of 291,253 shares in comparison with its common quantity of two,536,730 shares. Seagate Expertise Holdings plc has a 12-month low of $47.47 and a 12-month excessive of $94.68. The inventory’s 50-day transferring common is $65.58, and its two-hundred-day transferring common is $58.42. The agency has a market cap of $13.47 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 51.17 and a beta of 1.07. The corporate has a debt-to-equity ratio of 46.44, a gearing ratio of 0.69, and a present ratio of 1.13.
Seagate Expertise (NASDAQ:STX – Get Score ) final posted its quarterly earnings outcomes on Wednesday, January twenty fifth. The storage supplier reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. The corporate had income of $1.89 billion for the quarter, in comparison with analysts’ expectations of $1.83 billion. Seagate Expertise had a detrimental return on fairness of 1,031.05% and a web margin of 6.61%. The corporate’s income decreased by 39.4% in comparison with the identical quarter final yr. Earnings per share have been $2.28 in the identical quarter final yr. As a bunch, equities analysts anticipate that Seagate Expertise Holdings plc will submit 0.98 earnings per share for the present fiscal yr.
Seagate Expertise Dividend Announcement
The corporate additionally lately disclosed a quarterly dividend, which shall be paid on Thursday, April sixth. Traders of report on Wednesday, March twenty second shall be paid a dividend of $0.70 per share. That is $2.80 in annualized dividends and a yield of 4.29%. The ex-dividend date is Tuesday, March twenty first. Seagate Expertise’s dividend payout ratio (DPR) is presently 99.64%.
Upgrading and downgrading of the analyst score
A number of analysts have lately commented on STX shares. UBS Group upped their goal value on shares of Seagate Expertise from $55.00 to $65.00 and gave the inventory a “impartial” score in a analysis observe on Thursday, January twenty sixth. StockNews.com began protection on shares of Seagate Expertise in a analysis observe on Thursday, March sixteenth. They gave the corporate a “maintain” score. Wedbush upped their goal value on shares of Seagate Expertise from $45.00 to $55.00 in a analysis observe on Thursday, January twenty sixth. Morgan Stanley upped their goal value on shares of Seagate Expertise from $69.00 to $72.00 in a analysis observe on Thursday, January twenty sixth. Lastly, Wells Fargo & Firm upped their goal value on shares of Seagate Expertise from $55.00 to $65.00 and gave the corporate an “equal weight” score in a analysis observe on Thursday, January twenty sixth. One analyst has rated the inventory with a promote score, 13 have assigned a maintain score and ten have assigned a purchase score to the corporate. The corporate has a median score of “Maintain” and a consensus goal value of $69.58, in keeping with MarketBeat.com.
Seagate Expertise Profile
(Get Score)
Seagate Expertise Holdings Plc operates as a holding firm that designs, manufactures and distributes storage merchandise and digital storage options. Its merchandise embody onerous drives, solid-state hybrid drives, solid-state drives, peripheral specific playing cards, superior connectivity serial controllers, storage subsystems and computing options.
Additional studying
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