U.S. Capital Wealth Advisors LLC Has $7.64 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

U.S. Capital Wealth Advisors LLC increased its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 612.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,467 shares of the data storage provider's stock after buying an additional 76,056 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Seagate Technology were worth $7,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Spire Wealth Management raised its position in shares of Seagate Technology by 5.6% in the fourth quarter. Spire Wealth Management now owns 2,430 shares of the data storage provider's stock valued at $210,000 after buying an additional 129 shares in the last quarter. Caprock Group LLC raised its position in shares of Seagate Technology by 2.1% in the fourth quarter. Caprock Group LLC now owns 18,531 shares of the data storage provider's stock valued at $1,613,000 after buying an additional 378 shares in the last quarter. BTC Capital Management Inc. raised its position in shares of Seagate Technology by 61.2% in the fourth quarter. BTC Capital Management Inc. now owns 28,071 shares of the data storage provider's stock valued at $2,423,000 after buying an additional 10,653 shares in the last quarter. Cibc World Market Inc. raised its position in shares of Seagate Technology by 14.6% in the fourth quarter. Cibc World Market Inc. now owns 140,321 shares of the data storage provider's stock valued at $12,111,000 after buying an additional 17,851 shares in the last quarter. Finally, Hanson & Doremus Investment Management raised its position in Seagate Technology by 0.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 44,395 shares of the data storage provider's stock valued at $3,832,000 after purchasing an additional 166 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Seagate Technology news, SVP Kian Fatt Chong sold 9,182 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $105.50, for a total transaction of $968,701.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the sale, the director now directly owns 6,555 shares in the company, valued at $667,430.10. This trade represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,073 shares of company stock valued at $3,115,549 over the last 90 days. 0.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on STX. StockNews.com upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. Bank of America boosted their price objective on shares of Seagate Technology from $124.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Mizuho lowered their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Rosenblatt Securities boosted their price objective 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. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Seagate Technology presently has a consensus rating of "Moderate Buy" and an average price target of $122.56.

Seagate Technology Price Performance

Shares of Seagate Technology stock traded down $1.92 during trading on Friday, hitting $96.36. The company's stock had a trading volume of 2,799,188 shares, compared to its average volume of 3,372,411. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The stock has a market cap of $20.40 billion, a price-to-earnings ratio of 17.62 and a beta of 1.06. The stock has a 50-day moving average price of $95.10 and a two-hundred day moving average price of $100.08.

Seagate Technology Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.99%. Seagate Technology's dividend payout ratio is 52.65%.

Seagate Technology 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.