NewEdge Advisors LLC Sells 878 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

NewEdge Advisors LLC trimmed its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,649 shares of the data storage provider’s stock after selling 878 shares during the quarter. NewEdge Advisors LLC’s holdings in Seagate Technology were worth $4,113,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of STX. Wilmington Savings Fund Society FSB purchased a new position in shares of Seagate Technology in the 3rd quarter worth approximately $54,000. JFS Wealth Advisors LLC lifted its holdings 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 valued at $46,000 after purchasing an additional 113 shares during the last quarter. Human Investing LLC acquired a new stake in shares of Seagate Technology in the 4th quarter worth $48,000. Mizuho Bank Ltd. grew its stake in Seagate Technology by 140.0% during the 4th quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider’s stock worth $52,000 after buying an additional 350 shares during the last quarter. Finally, S.A. Mason LLC acquired a new position in Seagate Technology during the 4th quarter valued at about $55,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $75.80 on Friday. The company has a market capitalization of $16.05 billion, a PE ratio of 13.86 and a beta of 1.21. The company’s fifty day moving average price is $86.90 and its 200 day moving average price is $94.63. Seagate Technology Holdings plc has a 1 year low of $63.19 and a 1 year high of $115.32.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Analysts Set New Price Targets

Several brokerages have weighed in on STX. The Goldman Sachs Group lowered their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Wells Fargo & Company dropped their target price on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Mizuho decreased their price target on shares of Seagate Technology from $115.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Bank of America dropped their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, UBS Group raised their target price on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.78.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the transaction, the chief executive officer now owns 555,677 shares in the company, valued at $46,988,047.12. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is owned by company insiders.

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.