Sanders Capital LLC recently announced the acquisition of new stake in Seagate Technology Holdings Plc (NASDAQ:STX). The institutional investor has increased its shareholding in the Technology company by 0.12% to 15.04 million shares with purchase of 18026.0 shares. This fresh investment now brings its stake to 7.19% valued currently at $1.28 billion. In addition, JPMorgan Investment Management, I raised its holdings by 0.91 million to 13.26 million shares.
Currently, there are 209.18M common shares owned by the public and among those 208.01M shares have been available to trade.
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Insiders at the company have transacted a total of 97 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 560,403 shares. Insider sales of the common stock occurred on 54 occasions, with total insider shares sold totaling 468,636 shares.
The top 3 mutual fund holders in Seagate Technology Holdings Plc are Vanguard Total Stock Market ETF, Capital Income Builder, and Fidelity Low Priced Stock Fund. Vanguard Total Stock Market ETF owns 6.26 million shares of the company’s stock, all valued at over $534.69 million. The company bought an additional 84664.0 shares recently to bring their total holdings to about 2.99% of the shares outstanding. Fidelity Low Priced Stock Fund sold 5251.0 shares to bring its total holdings to over 5.04 million shares at a value of $430.64 million. Fidelity Low Priced Stock Fund now owns shares totaling to 2.41% of the shares outstanding.
However, the script later moved the day high at 89.30, up 2.45%. The company’s stock has a 5-day price change of 5.21% and 33.80% over the past three months. STX shares are trading 4.52% year to date (YTD), with the 12-month market performance up to 50.37% higher. It has a 12-month low price of $54.32 and touched a high of $88.39 over the same period. STX has an average intraday trading volume of 2.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.78%, 10.99%, and 31.52% respectively.
Institutional ownership of Seagate Technology Holdings Plc (NASDAQ: STX) shares accounts for 90.89% of the company’s 209.18M shares outstanding. Mutual fund holders own 57.02%, while other institutional holders and individual stakeholders account for 7.10% and 34.49% respectively.
It has a market capitalization of $18.67B and a beta (3y monthly) value of 1.06. The earnings-per-share (ttm) stands at -$3.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.87% over the week and 2.30% over the month.
Analysts forecast that Seagate Technology Holdings Plc (STX) will achieve an EPS of -$0.06 for the current quarter, $0.17 for the next quarter and $4.34 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.16 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 105.21%, and 1034.42% over the next financial year.
Looking at the support for the STX, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Neutral rating for the stock in a research note on Jan-24-24, with the firm’s price target at $90.
