Sei Investments Co. has reduced its holdings in Seagate Technology Holdings plc by 35.0% in the 1st quarter, selling 5,840 shares of the data storage provider’s stock. Several other institutional investors and hedge funds have also bought and sold shares of Seagate Technology. Analyst ratings changes have been made, with Bank of America maintaining a “buy” rating and giving a $110.00 target price. Seagate Technology stock opened at $103.68 on Friday, with a market cap of $21.77 billion. The company recently reported earnings results that beat analysts’ consensus estimates. Seagate Technology has announced a quarterly dividend, and there has been insider buying and selling of company stock.
Seagate Technology Holdings plc provides data storage technology and solutions globally, offering mass capacity storage products and network-attached storage drives. The company’s stock has received various ratings from research firms, with an average rating of “Hold” and a consensus target price of $115.94. Hedge funds and other institutional investors own a majority percentage of Seagate Technology’s stock. The company’s payout ratio is currently -217.05%, and it is expected to post 5.65 EPS for the current fiscal year. Insiders have sold shares of Seagate Technology stock in recent months, with company insiders owning 0.89% of the stock.
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