Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 460.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,361 shares of the data storage provider's stock after acquiring an additional 15,087 shares during the quarter. Empowered Funds LLC's holdings in Seagate Technology were worth $1,585,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Sequoia Financial Advisors LLC grew its holdings in shares of Seagate Technology by 3.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider's stock worth $281,000 after purchasing an additional 89 shares during the last quarter. Berkshire Bank boosted its position in shares of Seagate Technology by 2.6% in the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock valued at $355,000 after purchasing an additional 103 shares during the period. MWA Asset Management increased its position in Seagate Technology by 0.5% during the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock worth $1,695,000 after buying an additional 104 shares during the period. My Legacy Advisors LLC lifted its stake in Seagate Technology by 3.9% in the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider's stock valued at $294,000 after buying an additional 118 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Seagate Technology by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider's stock valued at $2,382,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on STX shares. Rosenblatt Securities upped their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Barclays upped their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, January 22nd. Mizuho lowered their price target on Seagate Technology from $130.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Susquehanna increased their price objective on Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research report on Wednesday, January 22nd. Finally, Citigroup lifted their target price 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 equities research 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, the company currently has an average rating of "Moderate Buy" and an average target price of $122.56.

Seagate Technology Price Performance

Seagate Technology stock traded down $0.11 during mid-day trading on Wednesday, reaching $102.99. The company had a trading volume of 1,188,133 shares, compared to its average volume of 3,232,555. The stock's 50-day simple moving average is $94.62 and its 200-day simple moving average is $99.64. The company has a market capitalization of $21.80 billion, a P/E ratio of 18.83 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.

Seagate Technology Announces Dividend

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 issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 2.80%. Seagate Technology's dividend payout ratio is presently 52.65%.

Insiders Place Their Bets

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology 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 completion of the transaction, the director now directly owns 6,555 shares in the company, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total value of $2,056,600.00. Following the sale, the chief executive officer now owns 622,497 shares in the company, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,891 shares of company stock worth $2,146,848. 0.81% of the stock is owned by corporate insiders.

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.