Fintel reports that on July 27, 2023, Wedbush reiterated coverage of Seagate Technology Holdings (NASDAQ:STX) with a Neutral recommendation.
Analyst Price Forecast Suggests 3.58% Upside
As of July 6, 2023, the average one-year price target for Seagate Technology Holdings is 64.37. The forecasts range from a low of 33.33 to a high of $81.90. The average price target represents an increase of 3.58% from its latest reported closing price of 62.15.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Seagate Technology Holdings is 9,372MM, an increase of 26.92%. The projected annual non-GAAP EPS is 5.22.
What is the Fund Sentiment?
There are 1245 funds or institutions reporting positions in Seagate Technology Holdings. This is an increase of 3 owner(s) or 0.24% in the last quarter. Average portfolio weight of all funds dedicated to STX is 0.20%, an increase of 0.46%. Total shares owned by institutions increased in the last three months by 1.48% to 204,516K shares. 
The put/call ratio of STX is 1.27, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 15,279K shares representing 7.38% ownership of the company. In it's prior filing, the firm reported owning 14,382K shares, representing an increase of 5.87%. The firm increased its portfolio allocation in STX by 23.38% over the last quarter.
Sanders Capital holds 14,355K shares representing 6.93% ownership of the company. In it's prior filing, the firm reported owning 10,926K shares, representing an increase of 23.89%. The firm increased its portfolio allocation in STX by 49.24% over the last quarter.
ValueAct Holdings holds 13,437K shares representing 6.49% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,071K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 5,963K shares, representing an increase of 1.77%. The firm increased its portfolio allocation in STX by 18.14% over the last quarter.
Viking Global Investors holds 5,514K shares representing 2.66% ownership of the company. In it's prior filing, the firm reported owning 6,199K shares, representing a decrease of 12.42%. The firm increased its portfolio allocation in STX by 4.81% over the last quarter.
Seagate Technology Holdings Background Information
(This description is provided by the company.)
Seagate Technology crafts the datasphere, helping to maximize humanity's potential by innovating world-class, precision-engineered data storage and management solutions with a focus on sustainable partnerships.
Additional reading:
- SEAGATE TECHNOLOGY REPORTS FISCAL FOURTH QUARTER AND FISCAL YEAR 2023 FINANCIAL RESULTS
- SEAGATE HDD CAYMAN as Issuer SEAGATE TECHNOLOGY UNLIMITED COMPANY SEAGATE TECHNOLOGY HOLDINGS PLC as Guarantors COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION as Trustee Dated as of May 30, 2023
- REGISTRATION RIGHTS AGREEMENT 8.25% SENIOR NOTES DUE 2029 Dated May 30, 2023 SEAGATE HDD CAYMAN SEAGATE TECHNOLOGY HOLDINGS PLC SEAGATE TECHNOLOGY UNLIMITED COMPANY MORGAN STANLEY & CO. LLC REGISTRATION RIGHTS AGREEMENT
- SEAGATE HDD CAYMAN as Issuer SEAGATE TECHNOLOGY UNLIMITED COMPANY SEAGATE TECHNOLOGY HOLDINGS PLC as Guarantors COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION as Trustee Dated as of May 30, 2023
- REGISTRATION RIGHTS AGREEMENT 8.50% SENIOR NOTES DUE 2031 Dated May 30, 2023 SEAGATE HDD CAYMAN SEAGATE TECHNOLOGY HOLDINGS PLC SEAGATE TECHNOLOGY UNLIMITED COMPANY MORGAN STANLEY & CO. LLC REGISTRATION RIGHTS AGREEMENT
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
