Seagate Technology Holdings plc (NASDAQ:STX) Position Boosted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,132 shares of the data storage provider's stock after purchasing an additional 4,460 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Seagate Technology were worth $1,824,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in STX. Contravisory Investment Management Inc. grew its holdings in Seagate Technology by 2.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 7,720 shares of the data storage provider's stock valued at $666,000 after purchasing an additional 192 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Seagate Technology by 5.9% in the 4th quarter. Park Avenue Securities LLC now owns 6,012 shares of the data storage provider's stock worth $519,000 after buying an additional 333 shares in the last quarter. Tealwood Asset Management Inc. grew its stake in Seagate Technology by 0.7% in the 4th quarter. Tealwood Asset Management Inc. now owns 28,620 shares of the data storage provider's stock valued at $2,470,000 after acquiring an additional 198 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Seagate Technology by 3.7% during the 4th quarter. AdvisorNet Financial Inc now owns 3,377 shares of the data storage provider's stock valued at $291,000 after acquiring an additional 122 shares in the last quarter. Finally, Elevated Capital Advisors LLC raised its position in Seagate Technology by 6.4% during the fourth quarter. Elevated Capital Advisors LLC now owns 11,787 shares of the data storage provider's stock worth $1,017,000 after acquiring an additional 711 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Insider Transactions at Seagate Technology

In other news, SVP John Christopher Morris sold 1,131 shares of the business's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $111.90, for a total value of $126,558.90. Following the completion of the sale, the senior vice president now owns 7,191 shares of the company's stock, valued at approximately $804,672.90. The trade was a 13.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the sale, the director now directly owns 6,555 shares of the company's stock, valued at approximately $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,304 shares of company stock valued at $5,656,238. Corporate insiders own 0.81% of the company's stock.

Seagate Technology Stock Performance

Shares of STX traded up $2.60 during trading hours on Friday, hitting $97.67. The stock had a trading volume of 5,656,311 shares, compared to its average volume of 2,326,217. The company's fifty day simple moving average is $94.40 and its 200 day simple moving average is $100.31. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The firm has a market cap of $20.66 billion, a P/E ratio of 25.50 and a beta of 1.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.28. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company posted ($0.34) EPS. The company's revenue was up 49.1% compared to the same quarter last year. As a group, sell-side analysts predict that Seagate Technology Holdings plc will post 7.18 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Sunday, December 15th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.95%. This is a positive change from Seagate Technology's previous quarterly dividend of $0.70. Seagate Technology's dividend payout ratio (DPR) is currently 75.20%.

Analysts Set New Price Targets

STX has been the subject of a number of recent research reports. Benchmark reissued a "hold" rating on shares of Seagate Technology in a research note on Wednesday, October 23rd. Citigroup raised their price target on Seagate Technology from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group cut their price target on Seagate Technology from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Wells Fargo & Company decreased their price objective on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Northland Securities boosted their target price on shares of Seagate Technology from $142.00 to $144.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $120.94.

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.