Kingswood Wealth Advisors LLC increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 87.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,578 shares of the data storage provider's stock after purchasing an additional 4,014 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Seagate Technology were worth $740,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Seagate Technology in the 3rd quarter valued at about $26,000. Quarry LP bought a new position in shares of Seagate Technology during the second quarter valued at $27,000. Advisors Asset Management Inc. grew its holdings in Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after acquiring an additional 258 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Seagate Technology by 232.5% in the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider's stock worth $46,000 after acquiring an additional 293 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Seagate Technology during the third quarter worth about $53,000. Institutional investors own 92.87% of the company's stock.
Wall Street Analyst Weigh In
STX has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated a "neutral" rating and set a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Wells Fargo & Company reduced their target price on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Northland Securities reaffirmed an "outperform" rating and issued a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Barclays boosted their price target on Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 22nd. Finally, Susquehanna lifted their price target on Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.56.
View Our Latest Stock Report on Seagate Technology
Insider Activity
In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 642,497 shares in the company, valued at approximately $63,947,726.41. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kian Fatt Chong sold 9,182 shares of the company's 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 90 days, insiders have sold 50,073 shares of company stock valued at $5,106,149. Corporate insiders own 0.81% of the company's stock.
Seagate Technology Stock Performance
STX stock traded down $0.32 during trading on Thursday, hitting $99.06. 1,288,535 shares of the company traded hands, compared to its average volume of 3,613,907. The firm has a market capitalization of $20.95 billion, a PE ratio of 18.11 and a beta of 1.06. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The company has a 50-day moving average of $95.20 and a 200-day moving average of $100.27.
Seagate Technology Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's payout ratio is 52.65%.
Seagate Technology Company Profile
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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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