Allworth Financial LP Raises Position in Seagate Technology Holdings plc (NASDAQ:STX)

Allworth Financial LP lifted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 207.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,774 shares of the data storage provider’s stock after buying an additional 3,893 shares during the quarter. Allworth Financial LP’s holdings in Seagate Technology were worth $498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Seagate Technology during the third quarter valued at approximately $26,000. Advisors Asset Management Inc. raised its stake in Seagate Technology by 177.9% during 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. JFS Wealth Advisors LLC lifted its holdings in shares of Seagate Technology by 232.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after buying an additional 293 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Seagate Technology during the 3rd quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Seagate Technology in the 3rd quarter worth $54,000. 92.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on STX. Citigroup increased their target price on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Mizuho reduced their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.56.

Seagate Technology Trading Down 0.3 %

NASDAQ:STX opened at $102.64 on Friday. The stock has a 50-day moving average price of $94.92 and a 200 day moving average price of $99.74. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The stock has a market capitalization of $21.73 billion, a P/E ratio of 18.76 and a beta of 1.07.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s payout ratio is currently 52.65%.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $102.83, for a total value of $2,056,600.00. Following the sale, the chief executive officer now directly owns 622,497 shares in the company, valued at approximately $64,011,366.51. The trade was a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the transaction, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is currently owned by corporate insiders.

Seagate Technology Company 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.