Amalgamated Bank Has $1.98 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Amalgamated Bank cut its position in Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,997 shares of the data storage provider’s stock after selling 654 shares during the quarter. Amalgamated Bank’s holdings in Seagate Technology were worth $1,978,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Milestone Investment Advisors LLC bought a new stake in shares of Seagate Technology during the 3rd quarter valued at $132,000. Pinnacle West Asset Management Inc. lifted its position in shares of Seagate Technology by 32.9% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,650 shares of the data storage provider’s stock valued at $307,000 after acquiring an additional 1,150 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Seagate Technology during the 3rd quarter valued at $5,410,000. Kestra Private Wealth Services LLC lifted its position in shares of Seagate Technology by 1.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 18,390 shares of the data storage provider’s stock valued at $1,213,000 after acquiring an additional 340 shares during the period. Finally, Chartwell Investment Partners LLC lifted its position in shares of Seagate Technology by 6.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 33,772 shares of the data storage provider’s stock valued at $2,227,000 after acquiring an additional 2,027 shares during the period. 85.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on STX shares. Wells Fargo & Company boosted their price target on Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Summit Insights raised Seagate Technology from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. The Goldman Sachs Group boosted their price target on Seagate Technology from $65.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Mizuho boosted their price target on Seagate Technology from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, StockNews.com raised Seagate Technology from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $79.00.

View Our Latest Report on STX

Insider Activity at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 61,895 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $79.02, for a total value of $4,890,942.90. Following the transaction, the chief financial officer now owns 63,391 shares in the company, valued at $5,009,156.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Seagate Technology news, EVP Ban Seng Teh sold 8,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $79.70, for a total value of $637,600.00. Following the transaction, the executive vice president now owns 33,690 shares in the company, valued at $2,685,093. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gianluca Romano sold 61,895 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $79.02, for a total value of $4,890,942.90. Following the completion of the sale, the chief financial officer now directly owns 63,391 shares of the company’s stock, valued at $5,009,156.82. The disclosure for this sale can be found here. Insiders have sold a total of 81,994 shares of company stock worth $6,547,701 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $89.10 on Tuesday. Seagate Technology Holdings plc has a one year low of $54.32 and a one year high of $92.04. The stock’s 50-day moving average is $84.37 and its 200 day moving average is $74.10.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 21st will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.14%. Seagate Technology’s payout ratio is -80.00%.

Seagate Technology Company Profile

(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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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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