Kestra Private Wealth Services LLC Has $2.43 Million Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Kestra Private Wealth Services LLC boosted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,173 shares of the data storage provider’s stock after buying an additional 818 shares during the period. Kestra Private Wealth Services LLC’s holdings in Seagate Technology were worth $2,432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of STX. Ashton Thomas Securities LLC bought a new position in Seagate Technology during the 3rd quarter valued at about $26,000. Advisors Asset Management Inc. raised its stake in shares of Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after acquiring an additional 258 shares during the last quarter. JFS Wealth Advisors LLC boosted 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 worth $46,000 after acquiring an additional 293 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Seagate Technology during the 3rd quarter worth approximately $53,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Seagate Technology during the 3rd quarter worth approximately $54,000. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the sale, the chief executive officer now directly owns 622,497 shares in the company, valued at $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. Over the last 90 days, insiders sold 20,891 shares of company stock worth $2,146,848. 0.81% of the stock is currently owned by company insiders.

Seagate Technology Trading Up 0.0 %

NASDAQ:STX opened at $97.83 on Wednesday. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 17.88 and a beta of 1.07. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The business’s 50-day moving average price is $94.43 and its two-hundred day moving average price is $99.68.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.94%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

Analyst Ratings Changes

A number of research firms have commented on STX. Mizuho reduced their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Susquehanna upped their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group lowered their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, 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 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.56.

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.