CreativeOne Wealth LLC Has $2.65 Million Stake in Seagate Technology Holdings PLC $STX

CreativeOne Wealth LLC raised its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,389 shares of the data storage provider’s stock after purchasing an additional 1,331 shares during the quarter. CreativeOne Wealth LLC’s holdings in Seagate Technology were worth $2,654,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in STX. Vision Financial Markets LLC acquired a new position in Seagate Technology in the second quarter valued at $173,000. Nordea Investment Management AB grew its holdings in Seagate Technology by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after acquiring an additional 2,808 shares during the period. Central Asset Investments & Management Holdings HK Ltd raised its position in shares of Seagate Technology by 185.8% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after acquiring an additional 12,178 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new position in shares of Seagate Technology in the 1st quarter valued at about $272,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Seagate Technology by 21.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock valued at $8,886,000 after purchasing an additional 10,847 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Benchmark increased their price target on Seagate Technology from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Morgan Stanley increased their target price on shares of Seagate Technology from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Loop Capital raised their price target on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Bank of America upped their price objective on shares of Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Fox Advisors boosted their target price on Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $283.41.

Seagate Technology Trading Up 3.4%

STX stock opened at $261.89 on Wednesday. The stock has a market cap of $55.93 billion, a P/E ratio of 33.62, a P/E/G ratio of 1.17 and a beta of 1.63. The stock’s fifty day simple moving average is $241.61 and its two-hundred day simple moving average is $179.52. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $297.88.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. Seagate Technology’s dividend payout ratio is 38.00%.

Insiders Place Their Bets

In other news, CFO Gianluca Romano sold 54,021 shares of Seagate Technology stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the transaction, the chief financial officer directly owned 56,293 shares in the company, valued at approximately $16,052,511.88. The trade was a 48.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the transaction, the executive vice president directly owned 12,041 shares of the company’s stock, valued at approximately $3,251,070. This represents a 33.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 131,261 shares of company stock worth $34,210,708 in the last three months. Insiders own 0.79% of the company’s stock.

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.