Janney Montgomery Scott LLC raised its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,326 shares of the data storage provider's stock after acquiring an additional 9,262 shares during the quarter. Janney Montgomery Scott LLC's holdings in Seagate Technology were worth $7,106,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Seagate Technology in the 3rd quarter valued at $26,000. Quarry LP purchased a new stake in shares of Seagate Technology in the second quarter valued at about $27,000. Advisors Asset Management Inc. increased its position in Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after purchasing an additional 258 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Seagate Technology by 232.5% during the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider's stock worth $46,000 after purchasing an additional 293 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology in the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 92.87% of the company's stock.
Insider Buying and Selling
In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the company's 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 of the company's stock, valued at approximately $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kian Fatt Chong sold 9,182 shares of Seagate Technology stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $105.50, for a total transaction of $968,701.00. The disclosure for this sale can be found here. In the last three months, insiders sold 50,073 shares of company stock valued at $5,106,149. Company insiders own 0.81% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed an "outperform" rating and issued a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Evercore ISI increased their target price on Seagate Technology from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com raised Seagate Technology from a "hold" rating to a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.56.
View Our Latest Research Report on STX
Seagate Technology Stock Down 0.9 %
Shares of NASDAQ:STX traded down $0.89 during trading on Wednesday, reaching $99.38. The stock had a trading volume of 2,548,155 shares, compared to its average volume of 3,747,081. The stock has a market cap of $21.02 billion, a P/E ratio of 18.17 and a beta of 1.06. The business has a fifty day moving average price of $95.20 and a 200-day moving average price of $100.27. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32.
Seagate Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's dividend payout ratio is currently 52.65%.
About Seagate Technology
(
Free Report)
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.
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