Venturi Wealth Management LLC Purchases 1,979 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Venturi Wealth Management LLC increased its position in Seagate Technology Holdings plc (NASDAQ:STX) by 1,157.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,150 shares of the data storage provider’s stock after purchasing an additional 1,979 shares during the quarter. Venturi Wealth Management LLC’s holdings in Seagate Technology were worth $186,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of STX. Blue Trust Inc. raised its stake in Seagate Technology by 47.9% during the third quarter. Blue Trust Inc. now owns 2,385 shares of the data storage provider’s stock worth $246,000 after acquiring an additional 772 shares in the last quarter. Raymond James & Associates raised its stake in Seagate Technology by 2.4% during the third quarter. Raymond James & Associates now owns 227,667 shares of the data storage provider’s stock worth $24,936,000 after acquiring an additional 5,385 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Seagate Technology by 10.2% during the third quarter. Foundations Investment Advisors LLC now owns 2,299 shares of the data storage provider’s stock worth $252,000 after acquiring an additional 213 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Seagate Technology by 3.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock worth $281,000 after acquiring an additional 89 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Seagate Technology by 14.0% during the third quarter. Signaturefd LLC now owns 4,875 shares of the data storage provider’s stock worth $534,000 after acquiring an additional 600 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the transaction, the director now owns 6,555 shares in the company, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated 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 transaction, the chief executive officer now owns 622,497 shares in the company, valued at $64,011,366.51. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,891 shares of company stock worth $2,146,848. Insiders own 0.81% of the company’s stock.

Seagate Technology Stock Down 1.7 %

Shares of STX stock opened at $100.85 on Friday. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The firm has a market cap of $21.35 billion, a price-to-earnings ratio of 18.44 and a beta of 1.07. The stock has a 50-day moving average price of $95.02 and a 200 day moving average price of $99.80.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup increased their price objective on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Northland Securities restated an “outperform” rating and issued a $160.00 target price (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Barclays raised their target price on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley lowered their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. One research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

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.