JFS Wealth Advisors LLC Acquires 113 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

JFS Wealth Advisors LLC boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 27.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 532 shares of the data storage provider’s stock after purchasing an additional 113 shares during the period. JFS Wealth Advisors LLC’s holdings in Seagate Technology were worth $46,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Seagate Technology by 47.9% in the 3rd quarter. Blue Trust Inc. now owns 2,385 shares of the data storage provider’s stock valued at $246,000 after acquiring an additional 772 shares during the last quarter. Capital Investment Advisors LLC purchased a new position in Seagate Technology in the 3rd quarter worth approximately $205,000. Raymond James & Associates lifted its position in Seagate Technology by 2.4% in the third quarter. Raymond James & Associates now owns 227,667 shares of the data storage provider’s stock valued at $24,936,000 after purchasing an additional 5,385 shares during the last quarter. Vest Financial LLC boosted its stake in shares of Seagate Technology by 41.1% during the third quarter. Vest Financial LLC now owns 3,712 shares of the data storage provider’s stock valued at $407,000 after purchasing an additional 1,082 shares during the period. Finally, Foundations Investment Advisors LLC grew its holdings in shares of Seagate Technology by 10.2% in the third quarter. Foundations Investment Advisors LLC now owns 2,299 shares of the data storage provider’s stock worth $252,000 after purchasing an additional 213 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Wednesday, January 22nd. Citigroup increased their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company reduced their price target 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. Susquehanna increased their price objective on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. Finally, Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $103.10 on Wednesday. The company has a 50 day simple moving average of $94.62 and a two-hundred day simple moving average of $99.64. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 18.85 and a beta of 1.07.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Insider Buying and Selling at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the transaction, the director now directly owns 6,555 shares in the company, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total value of $2,056,600.00. Following the sale, the chief executive officer now owns 622,497 shares in the company, valued at approximately $64,011,366.51. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,891 shares of company stock worth $2,146,848. 0.81% of the stock is owned by insiders.

About Seagate Technology

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.