Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in Seagate Technology Holdings plc (NASDAQ:STX) by 61.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,090 shares of the data storage provider’s stock after acquiring an additional 1,942 shares during the period. Vontobel Holding Ltd.’s holdings in Seagate Technology were worth $439,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in STX. Ashton Thomas Securities LLC acquired a new stake in shares of Seagate Technology in the 3rd quarter worth $26,000. Advisors Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 293 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Seagate Technology in the 3rd quarter valued at about $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Seagate Technology in the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

NASDAQ STX opened at $102.64 on Friday. The company has a 50 day simple moving average of $94.92 and a 200-day simple moving average of $99.74. The firm has a market capitalization of $21.73 billion, a price-to-earnings ratio of 18.76 and a beta of 1.07. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32.

Seagate Technology Announces Dividend

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

Insider Buying and Selling at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the transaction, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,891 shares of company stock worth $2,146,848 over the last 90 days. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Morgan Stanley cut their price target on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. UBS Group increased their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.56.

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.