Allworth Financial LP Boosts Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Allworth Financial LP lifted its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 207.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,774 shares of the data storage provider's stock after buying an additional 3,893 shares during the period. Allworth Financial LP's holdings in Seagate Technology were worth $498,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New Mexico Educational Retirement Board raised its stake in shares of Seagate Technology by 5.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,050 shares of the data storage provider's stock valued at $867,000 after acquiring an additional 500 shares during the period. Blue Trust Inc. lifted its stake in Seagate Technology by 5.7% in the fourth quarter. Blue Trust Inc. now owns 2,522 shares of the data storage provider's stock worth $218,000 after purchasing an additional 137 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Seagate Technology by 4.5% in the fourth quarter. New York State Teachers Retirement System now owns 183,063 shares of the data storage provider's stock worth $15,800,000 after purchasing an additional 7,824 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Seagate Technology by 7.6% during the fourth quarter. V Square Quantitative Management LLC now owns 5,718 shares of the data storage provider's stock valued at $494,000 after buying an additional 403 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of Seagate Technology by 61.7% during the fourth quarter. Vontobel Holding Ltd. now owns 5,090 shares of the data storage provider's stock valued at $439,000 after buying an additional 1,942 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STX. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company decreased their target price on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Barclays upped their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 22nd. Northland Securities reissued an "outperform" rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group reduced 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 note on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $122.56.

Seagate Technology Stock Down 1.7 %

Shares of NASDAQ:STX traded down $1.79 during trading on Friday, hitting $100.85. The stock had a trading volume of 2,484,241 shares, compared to its average volume of 3,178,739. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of 18.44 and a beta of 1.07. The stock has a 50-day simple moving average of $95.02 and a two-hundred day simple moving average of $99.80.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 2.86%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's payout ratio is 52.65%.

Insider Activity

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the company'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 value of $76,365.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the firm'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 sale, 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 disclosure for this sale can be found here. Insiders have sold 20,891 shares of company stock valued at $2,146,848 in the last ninety days. Insiders own 0.81% of the company's stock.

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.