Seagate Technology Holdings plc (NASDAQ:STX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Seagate Technology Holdings plc (NASDAQ:STX) has been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $122.56.

A number of research analysts recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Susquehanna raised their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. Rosenblatt Securities boosted their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley decreased their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Wedbush restated an “outperform” rating and set a $150.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd.

Seagate Technology Price Performance

Shares of STX opened at $99.72 on Friday. Seagate Technology has a 1 year low of $82.31 and a 1 year high of $115.32. The company has a 50 day simple moving average of $95.22 and a two-hundred day simple moving average of $99.95. The firm has a market cap of $21.11 billion, a P/E ratio of 18.23 and a beta of 1.07.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 yield of 2.89%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’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 transaction, the chief executive officer now directly owns 622,497 shares in the company, valued at $64,011,366.51. The trade was a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology 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 transaction, the director now owns 6,555 shares in the company, valued at approximately $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 sold 20,891 shares of company stock valued at $2,146,848. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Several large investors have recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new position in shares of Seagate Technology during the third quarter worth $26,000. Ameriflex Group Inc. purchased a new stake in Seagate Technology in the 4th quarter valued at approximately $26,000. Elequin Capital LP purchased a new stake in shares of Seagate Technology during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Seagate Technology during the 4th quarter worth approximately $27,000. Finally, Advisors Asset Management Inc. boosted its position 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 worth $44,000 after buying an additional 258 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

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.