Seagate Technology Holdings plc (STX) has seen a considerable flow of news recently. Notably, Natixis Advisors and New York Life Investment Management LLC have significantly increased their stock holdings in the company. STX has frequently outperformed its competitors on strong trading days. However, its stock has also underperformed relative to competitors on some occasions. In another development, insider John Christopher Morris sold 11,158 shares and EVP & CFO Gianluca Romano offloaded a considerable number of shares. The company's Q3 2024 earnings call transcript was also released, achieving an EPS beat by 79%. Analysts are updating their forecasts in response to the company's performance. A mixed fiscal Q2 2024 result was reported but the dividend has been affirmed at $0.70. Seagate's strategy includes its HAMR technology and potential for rising margins. Despite a hiccup with HAMR, Seagate maintains a 'buy' rating. There was a hiccup when the company announced Q3 earnings would come in 'as expected', causing the stock to slip. Concerns over the company's over-valuation have been present, but strong institutional backing with an 82% ownership might help stave off the negative impact.
Seagate Technology Holdings Plcs STX News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sun, 12 May 2024 09:56:23 GMT -
Rating 5
- Innovation 2
- Information 6
- Rumor 3
