Koshinski Asset Management Inc. lowers shares of Seagate Technology Holdings plc (NASDAQ:STX)


Koshinski Asset Management Inc. cut its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX – Get Rating ) by 20.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,706 shares of the data storage provider’s stock after selling 1,694 shares during the quarter. The holdings of Koshinski Asset Management Inc. in Seagate Technology were worth $603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of STX. FSB Premier Wealth Management Inc. purchased a new stake in Seagate Technology in the 4th quarter valued at about $26,000. Tyler Stone Wealth Management purchased a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $28,000. Chilton Capital Management LLC bought a new stake in shares of Seagate Technology during the 4th quarter valued at approximately $33,000. TCTC Holdings LLC purchased a new position in Seagate Technology during the 4th quarter valued at $34,000. Finally, Old North State Trust LLC increased its position in Seagate Technology by 43.0% in the 4th quarter. Old North State Trust LLC now owns 426 shares of the data storage provider’s stock valued at $48,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 87.48% of the company’s shares.

A number of research analysts recently commented on the stock. Northland Securities lowered their target price on shares of Seagate Technology from $122.00 to $113.00 and set an “outperform” rating on the stock in a report on Tuesday, March 22nd. Morgan Stanley reduced their target price on shares of Seagate Technology from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 31st. Susquehanna Bancshares upped their target price on shares of Seagate Technology from $65.00 to $67.00 in a research note on Thursday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on Seagate Technology from $110.00 to $95.00 and set a “hold” rating on the stock in a research note on Tuesday, April 19th. Finally, StockNews.com raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, April 7th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and an average target price of $100.32, according to MarketBeat .

NASDAQ STX opened at $69.09 on Friday. Seagate Technology Holdings plc has a 52-week low of $68.02 and a 52-week high of $117.67. The company has a 50-day moving average of $79.78 and a 200-day moving average of $93.24. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 13.33. The firm has a market cap of $14.84 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 7.78 and a beta of 1.00.

Seagate Technology (NASDAQ:STX – Get Rating ) last posted its quarterly earnings results on Wednesday, April 27th. The data storage provider reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.03). The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Seagate Technology has a return on equity of 339.73% and a net margin of 15.40%. Seagate Technology’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm reported earnings of $1.36 per share. equities research analysts anticipate that Seagate Technology Holdings plc will post 7.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Friday, June 24th will be given a $0.70 dividend. This represents an annualized dividend of $2.80 and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, June 23rd. Seagate Technology’s dividend payout ratio (DPR) is currently 34.40%.

Seagate Technology Company Profile (Get Rating)

Seagate Technology Holdings plc provides storage technology and solutions in Singapore, the United States, the Netherlands and internationally. The company offers hard drives and hard drives, including advanced technology serial attach, serial connected SCSI, and non-volatile memory express products; solid state hybrid devices; and storage subsystems.

Featured stories

Want to see what other hedge funds hold STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings plc (NASDAQ:STX – Get Rating) .

Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)



Get Seagate Technology Daily news and reviews – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Seagate Technology and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Comment

Your email address will not be published.