Wells Fargo & Company MN Has $86 Million Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Wells Fargo & Company MN increased its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 996,394 shares of the data storage provider's stock after purchasing an additional 41,567 shares during the quarter. Wells Fargo & Company MN owned approximately 0.47% of Seagate Technology worth $85,999,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its position in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after buying an additional 113 shares during the period. Human Investing LLC acquired a new position in Seagate Technology during the fourth quarter worth $48,000. Wilmington Savings Fund Society FSB bought a new position in shares of Seagate Technology during the third quarter valued at $54,000. S.A. Mason LLC acquired a new stake in shares of Seagate Technology in the 4th quarter valued at $55,000. Finally, Quarry LP grew its holdings in shares of Seagate Technology by 108.4% in the 3rd quarter. Quarry LP now owns 546 shares of the data storage provider's stock worth $60,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the completion of the sale, the chief executive officer now owns 555,677 shares in the company, valued at $46,988,047.12. This represents a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.81% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have commented 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 report on Wednesday, January 22nd. UBS Group boosted their target price on Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. StockNews.com downgraded Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Morgan Stanley decreased their target price on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $120.17.

Seagate Technology Stock Performance

STX traded up $0.41 during trading on Friday, reaching $70.15. 3,878,543 shares of the company's stock were exchanged, compared to its average volume of 2,768,435. The company's fifty day moving average price is $89.19 and its 200-day moving average price is $95.75. The firm has a market capitalization of $14.85 billion, a PE ratio of 12.82 and a beta of 1.21. Seagate Technology Holdings plc has a fifty-two week low of $63.19 and a fifty-two week high of $115.32.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 4.11%. Seagate Technology's dividend payout ratio is presently 52.65%.

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.