Heritage Trust Co Makes New $319,000 Investment in Seagate Technology Holdings plc (NASDAQ:STX)

Heritage Trust Co bought a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,697 shares of the data storage provider's stock, valued at approximately $319,000.

Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC raised its holdings in Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after acquiring an additional 113 shares in the last quarter. Human Investing LLC bought a new stake in shares of Seagate Technology during the 4th quarter worth approximately $48,000. Mizuho Bank Ltd. grew its stake in shares of Seagate Technology by 140.0% in the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock valued at $52,000 after buying an additional 350 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Seagate Technology during the third quarter worth $54,000. Finally, S.A. Mason LLC bought a new stake in Seagate Technology during the fourth quarter worth $55,000. Institutional investors own 92.87% of the company's stock.

Seagate Technology Stock Performance

Shares of Seagate Technology stock traded up $2.98 on Friday, reaching $75.80. 4,588,360 shares of the stock were exchanged, compared to its average volume of 2,789,785. The firm's 50 day moving average is $87.34 and its 200-day moving average is $94.95. The firm has a market cap of $16.05 billion, a PE ratio of 13.86 and a beta of 1.21. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Wednesday, March 19th. Seagate Technology's dividend payout ratio is presently 52.65%.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total value of $1,691,200.00. Following the completion of the transaction, the chief executive officer now owns 555,677 shares of the company's stock, valued at $46,988,047.12. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STX. Wedbush reissued an "outperform" rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Bank of America lowered their price target on Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Citigroup cut their price objective on Seagate Technology from $115.00 to $90.00 and set a "buy" rating for the company in a research report on Monday. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $118.78.

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.