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Brokerages have given Seagate Technology Holdings plc (NASDAQ:STX) a consensus rating of “Hold.”

Brokerages have given Seagate Technology Holdings plc (NASDAQ:STX) a consensus rating of “Hold.”

According to the information from Bloomberg.com, the twenty-eight rating agencies presently keeping an eye on Seagate Technology Holdings plc (NASDAQ: STX) have collectively assigned the company an average rating of “Hold.” Only six of the equity research experts surveyed have given the company a buy recommendation, while the remaining fourteen have advised investors to maintain their current holdings of shares. Brokerage firms covered the stock throughout the preceding year, and their average price target for the stock for the subsequent 12 months was $69.50.
Several research analysts have recently made statements that provide their perspectives on the company they have been analyzing. In a research report that was made public on Thursday, October 27, Deutsche Bank Aktiengesellschaft announced that they would be decreasing their price target for Seagate Technology from $60.00 to $55.00. In a research report released on Thursday, October 27, UBS Group lowered their target price for Seagate Technology from $85.00 to $55.00. In addition, it downgraded the company from a “buy” rating to a “neutral” rating. Both of these moves were made about Seagate Technology. In a research note released on Thursday, October 27, Susquehanna Bancshares stated that the price objective the company had set for Seagate Technology shares had decreased from $40.00 to $38.00. This news came about because the price objective was set at $40.00. In a research report published on Thursday, October 27, Morgan Stanley rated the business as “equal weight” and decreased their price objective for Seagate Technology shares from $57.00 to $54.00. The study was about the firm. Last but not least, in a research note published on Thursday, October 27, Barclays lowered their price objective on Seagate Technology shares from $65.00 to $50.00 and designated the stock as having “equal weight.”
On Friday, trading on the NASDAQ STX began for $55.91 per share. The 12-month low for Seagate Technology is $47.47, while the 12-month high for the company’s stock is $117.03. A debt-to-equity ratio of 46.44, a quick ratio of 0.68, and a current ratio of 1.19 are presented here. The price-to-earnings ratio is 10.75, the price-to-earnings growth ratio is 30.11, and the beta value is 1.06. The market capitalization is $11.54 billion. The price of a single share of the company’s stock is currently $52.85 and $62.84 higher than its 50-day and 200-day simple moving averages, respectively. This is a significant price increase.
Seagate Technology (NASDAQ: STX) released its most recent quarterly earnings report on October 26, making it available for public consumption. The data storage company reported earnings per share for the quarter of $0.37, which was lower than the $0.52 consensus estimate among analysts for the quarter’s earnings. The return on equity for Seagate Technology came in at 716.97%, while the company’s net margin came in at 10.89%. The analysts’ estimates for the company’s quarterly sales ranged from $2.11 billion to $2.04 billion. This range was provided for reference purposes only. The company generated earnings of $2.27 per share during the same period in the prior year’s operations. In comparison to the previous year’s period, Seagate Technology experienced a revenue decrease of 34.7% in the third quarter. According to projections made by analysts focusing on equity analysis, Seagate Technology will bring in $1.47 per share in profits this year.
In addition, on January 5 of this year, the company just announced and distributed a quarterly dividend that it had previously declared. On Wednesday, December 21, a dividend payment of $0.70 was made to shareholders whose information was already on record. This equates to an annual dividend payment of $2.80 and a dividend yield of 5.01% for the investment. December 20, which was a Tuesday, was the date that marked the beginning of this dividend’s “ex-dividend” period. At this time, Seagate Technology has a dividend payout ratio (DPR) that is equal to 53.8 percent.
Hedge funds have been very active in stock transactions involving the company, buying and selling shares. The Bank of New York Mellon Corporation increased the amount of Seagate Technology stock it owns by 1.2% during the third quarter. Following the acquisition of an additional 46,507 shares during the most recent quarter, the Bank of New York Mellon Corp. now possesses 3,923,276 shares held by the data storage provider. These shares have an estimated value of $208,837,000 at present. About $16,411,000 was spent by the Teachers Retirement System of Kentucky (TRS-KY) to acquire a new investment in Seagate Technology during the third quarter of this fiscal year. The system was updated to reflect this new point of interest. During the third quarter, Central Trust Company increased the number of shares it owned in Seagate Technology by 50.0%, bringing its total ownership percentage to 100%. The data storage provider’s stock has a market value of $48,000 per share. Central Trust Company has a total of 900 shares, thanks to an additional purchase of 300 during the relevant period. The amount of money invested by Advisors Capital Management LLC in Seagate Technology went up by 14.6% during the third quarter of the fiscal year. Following the acquisition of an additional 32,616 shares during the most recent quarter, Advisors Capital Management LLC now owns 255,993 stock held by the data storage provider. The value of Advisors Capital Management LLC’s holdings in this company’s stock is currently $14,435,000. And finally, during the third quarter, Tealwood Asset Management Inc. increased the percentage of Seagate Technology stock owned by 0.9%, bringing the total percentage of Seagate Technology stock it owned to 0.9%. Following the acquisition of 257 shares during the most recent fiscal quarter, Tealwood Asset Management Inc. now holds 28,984 shares of the data storage provider’s stock. Each share of this stock has a current market value of $1,543,000. The majority of the stock in the company is held by institutional investors, which accounts for 82.69% of the total.
Seagate Technology Holdings plc is a global data storage technology and solutions provider. The company operates in several countries, including Singapore, the United States of America, the Netherlands, and others. In addition to network-attached storage solutions, the company specializes in the enterprise.

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