Seagate Technology Holdings Plc (NASDAQ: STX) is 19.08% higher on its value in year-to-date trading and has touched a low of $76.30 and a high of $115.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STX stock was last observed hovering at around $101.36 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $101.66, the stock is 1.50% and -2.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing 0.30% at the moment leaves the stock 3.79% off its SMA200. STX registered 31.07% gain for a year compared to 6-month gain of 7.85%. The firm has a 50-day simple moving average (SMA 50) of $104.6904 and a 200-day simple moving average (SMA200) of $97.88225.
The stock witnessed a 0.34% loss in the last 1 month and extending the period to 3 months gives it a 2.43%, and is 3.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.01% over the week and 2.12% over the month.
Seagate Technology Holdings Plc (STX) has around 30000 employees, a market worth around $21.50B and $7.26B in sales. Current P/E ratio is 26.58 and Fwd P/E is 10.58. Profit margin for the company is 11.34%. Distance from 52-week low is 33.24% and -11.85% from its 52-week high. The company has generated returns on investments over the last 12 months (21.14%).
with sales reaching $2.32B over the same period.The EPS is expected to grow by 480.37% this year, but quarterly earnings will post 41.36% year-over-year. Quarterly sales are estimated to grow 49.29% in year-over-year returns.
Seagate Technology Holdings Plc (STX) Top Institutional Holders
1151.0 institutions hold shares in Seagate Technology Holdings Plc (STX), with institutional investors hold 91.15% of the company’s shares. The shares outstanding are 211.53M, and float is at 210.24M with Short Float at 5.52%. Institutions hold 90.71% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.2 million shares valued at $2.6 billion. The investor’s holdings represent 12.0002% of the STX Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 23.05 million shares valued at $2.38 billion to account for 10.9753 of the shares outstanding. The other top investors are SANDERS CAPITAL, LLC which holds 16.22 million shares representing 7.7226% and valued at over $1.67 billion, while CAPITAL RESEARCH GLOBAL INVESTORS holds 6.7056 of the shares totaling 14.08 million with a market value of $1.45 billion.
Seagate Technology Holdings Plc (STX) Insider Activity
The most recent transaction is an insider sale by Romano Gianluca, the company’s EVP & CFO. SEC filings show that Romano Gianluca sold 47,268 shares of the company’s common stock on Nov 25 ’24 at a price of $101.91 per share for a total of $4.82 million. Following the sale, the insider now owns 46277.0 shares.
Seagate Technology Holdings Plc disclosed in a document filed with the SEC on Nov 22 ’24 that Romano Gianluca (EVP & CFO) sold a total of 21,686 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $100.40 per share for $2.18 million. Following the transaction, the insider now directly holds 46277.0 shares of the STX stock.
Still, SEC filings show that on Nov 25 ’24, GIANLUCA ROMANO (Officer) Proposed Sale 47,268 shares at an average price of $101.91 for $4.82 million. The insider now directly holds shares of Seagate Technology Holdings Plc (STX).
