Berkshire Bank Purchases 103 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Berkshire Bank raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 2.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,118 shares of the data storage provider’s stock after acquiring an additional 103 shares during the period. Berkshire Bank’s holdings in Seagate Technology were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in Seagate Technology in the third quarter worth $26,000. Quarry LP bought a new stake in Seagate Technology in the second quarter worth $27,000. Advisors Asset Management Inc. boosted its position in Seagate Technology by 177.9% during the third 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 period. JFS Wealth Advisors LLC grew its stake in shares of Seagate Technology by 232.5% during the third 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 last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Seagate Technology in the third quarter worth about $53,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling

In other 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 transaction of $76,365.00. Following the completion of the transaction, the director now directly owns 6,555 shares in the company, valued at $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the completion of the transaction, the chief executive officer now owns 642,497 shares in the company, valued at approximately $63,947,726.41. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,073 shares of company stock valued at $5,106,149 over the last quarter. Corporate insiders own 0.81% of the company’s stock.

Seagate Technology Trading Down 4.4 %

STX opened at $103.48 on Tuesday. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 18.92 and a beta of 1.06. The stock has a fifty day simple moving average of $95.00 and a two-hundred day simple moving average of $100.35. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.78%. Seagate Technology’s payout ratio is 52.65%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Rosenblatt Securities increased their target price on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Wednesday, January 22nd. Evercore ISI lifted their target price on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Mizuho dropped their price target on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Barclays boosted their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.56.

About Seagate Technology

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.