Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,158 shares of the data storage provider’s stock after buying an additional 1,118 shares during the period. Greenwood Capital Associates LLC’s holdings in Seagate Technology were worth $1,481,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in Seagate Technology in the 3rd quarter valued at $26,000. Quarry LP purchased a new stake in shares of Seagate Technology in the second quarter worth about $27,000. Advisors Asset Management Inc. grew 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 buying an additional 258 shares in the last quarter. JFS Wealth Advisors LLC raised 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. Finally, Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology during the 3rd quarter worth approximately $53,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Citigroup raised their price objective on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

Insider Buying and Selling

In other Seagate Technology news, SVP Kian Fatt Chong sold 9,182 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $105.50, for a total transaction of $968,701.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at approximately $64,011,366.51. This 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 30,073 shares of company stock valued at $3,115,549 in the last quarter. Company insiders own 0.81% of the company’s stock.

Seagate Technology Stock Down 0.4 %

Shares of STX stock opened at $93.13 on Tuesday. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The business has a 50 day moving average of $95.10 and a two-hundred day moving average of $100.08. The company has a market cap of $19.72 billion, a P/E ratio of 17.00 and a beta of 1.07.

Seagate Technology Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.09%. Seagate Technology’s dividend payout ratio is currently 52.65%.

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.