Coldstream Capital Management Inc. Has $258,000 Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Coldstream Capital Management Inc. lessened its position in Seagate Technology Holdings plc (NASDAQ:STX) by 8.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,370 shares of the data storage provider’s stock after selling 208 shares during the period. Coldstream Capital Management Inc.’s holdings in Seagate Technology were worth $258,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of STX. Ashton Thomas Securities LLC acquired a new stake in Seagate Technology in the 3rd quarter valued at $26,000. Quarry LP bought a new position in shares of Seagate Technology in the second quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Seagate Technology by 2,407.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock valued at $36,000 after buying an additional 337 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Seagate Technology during the second quarter worth about $41,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after acquiring an additional 258 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STX. Rosenblatt Securities lifted their price target on Seagate Technology from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Benchmark reaffirmed a “hold” rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. Northland Securities increased their price target on Seagate Technology from $142.00 to $144.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Seagate Technology in a report on Wednesday, October 23rd. Finally, Citigroup increased their target price on shares of Seagate Technology from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 4,872 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $110.00, for a total transaction of $535,920.00. Following the sale, the executive vice president now directly owns 9,969 shares in the company, valued at approximately $1,096,590. The trade was a 32.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares of the company’s stock, valued at approximately $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,961 shares of company stock worth $23,967,629. 0.81% of the stock is owned by corporate insiders.

Seagate Technology Trading Down 0.2 %

Shares of NASDAQ STX opened at $95.58 on Tuesday. The firm has a market cap of $20.22 billion, a price-to-earnings ratio of 24.96 and a beta of 1.03. The stock has a fifty day simple moving average of $102.57 and a two-hundred day simple moving average of $102.24. Seagate Technology Holdings plc has a 1-year low of $79.39 and a 1-year high of $115.32.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company earned ($0.34) EPS. The firm’s quarterly revenue was up 49.1% compared to the same quarter last year. Analysts forecast that Seagate Technology Holdings plc will post 7.18 EPS for the current 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 given a $0.72 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.88 annualized dividend and a dividend yield of 3.01%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s payout ratio is 75.20%.

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.