Massmutual Trust Co. FSB ADV Has $96,000 Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Massmutual Trust Co. FSB ADV boosted its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 18.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 930 shares of the data storage provider’s stock after acquiring an additional 144 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Seagate Technology were worth $96,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Csenge Advisory Group grew its position in Seagate Technology by 1.4% in the first quarter. Csenge Advisory Group now owns 8,473 shares of the data storage provider’s stock valued at $788,000 after purchasing an additional 119 shares in the last quarter. Burney Co. grew its holdings in shares of Seagate Technology by 3.3% in the 1st quarter. Burney Co. now owns 3,948 shares of the data storage provider’s stock valued at $367,000 after acquiring an additional 125 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Seagate Technology by 1.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,446 shares of the data storage provider’s stock valued at $786,000 after acquiring an additional 126 shares during the last quarter. Graypoint LLC increased its position in shares of Seagate Technology by 4.9% in the first quarter. Graypoint LLC now owns 2,710 shares of the data storage provider’s stock valued at $252,000 after acquiring an additional 127 shares during the last quarter. Finally, CWM LLC raised its holdings in Seagate Technology by 3.9% during the fourth quarter. CWM LLC now owns 3,441 shares of the data storage provider’s stock worth $294,000 after acquiring an additional 130 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on STX shares. Citigroup boosted their price target on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald upped their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Barclays increased their price target 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. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Rosenblatt Securities raised their target price on shares of Seagate Technology from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.94.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 9,703 shares of Seagate Technology 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 transaction, the executive vice president now directly owns 15,185 shares of the company’s stock, valued at $1,442,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Ban Seng Teh sold 9,703 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $95.00, for a total value of $921,785.00. Following the sale, the executive vice president now directly owns 15,185 shares of the company’s stock, valued at $1,442,575. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Christopher Morris sold 5,928 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $99.99, for a total value of $592,740.72. Following the transaction, the senior vice president now directly owns 12,185 shares of the company’s stock, valued at approximately $1,218,378.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,490 shares of company stock valued at $3,701,596. Company insiders own 0.89% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX traded up $1.14 during midday trading on Tuesday, reaching $93.68. The company’s stock had a trading volume of 3,168,415 shares, compared to its average volume of 2,667,770. The company has a market cap of $19.67 billion, a P/E ratio of -73.05 and a beta of 1.02. The business’s 50 day moving average price is $101.82 and its two-hundred day moving average price is $93.81. Seagate Technology Holdings plc has a fifty-two week low of $62.43 and a fifty-two week high of $113.57.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 23rd. The data storage provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.29. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) EPS. Sell-side analysts forecast that Seagate Technology Holdings plc will post 6.21 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 23rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, September 23rd. Seagate Technology’s payout ratio is presently -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.