ORG Wealth Partners LLC Has $53,000 Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

ORG Wealth Partners LLC cut its position in Seagate Technology Holdings plc (NASDAQ:STX) by 24.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 610 shares of the data storage provider’s stock after selling 196 shares during the quarter. ORG Wealth Partners LLC’s holdings in Seagate Technology were worth $53,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Seagate Technology in the 3rd quarter valued at $26,000. Quarry LP acquired a new position in Seagate Technology in the 2nd quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Seagate Technology by 2,407.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock valued at $36,000 after buying an additional 337 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after buying an additional 258 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its position in Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 293 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STX has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday. Citigroup raised their price target on shares of Seagate Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Rosenblatt Securities raised their price target on shares of Seagate Technology from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Finally, Benchmark restated a “hold” rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.39.

Seagate Technology Trading Up 0.2 %

Shares of NASDAQ STX opened at $88.87 on Friday. The company has a market cap of $18.80 billion, a PE ratio of 23.20 and a beta of 1.06. The company has a 50-day moving average of $95.55 and a two-hundred day moving average of $100.77. Seagate Technology Holdings plc has a 1-year low of $79.39 and a 1-year high of $115.32.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.28. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. Seagate Technology’s revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) earnings per share. As a group, equities research analysts forecast that Seagate Technology Holdings plc will post 7.18 earnings per share for the current year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Sunday, December 15th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.88 dividend on an annualized basis and a yield of 3.24%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s payout ratio is currently 75.20%.

Insider Activity at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares in the company, valued at approximately $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the completion of the sale, the chief executive officer now owns 642,497 shares of the company’s stock, valued at approximately $63,947,726.41. This represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,304 shares of company stock worth $5,656,238. 0.81% of the stock is currently owned by company insiders.

Seagate Technology Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.