3,894 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC bought a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,894 shares of the data storage provider’s stock, valued at approximately $336,000.

Several other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its position in Seagate Technology by 5.0% in the third quarter. Assenagon Asset Management S.A. now owns 8,780 shares of the data storage provider’s stock valued at $962,000 after buying an additional 417 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Seagate Technology by 7.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the data storage provider’s stock valued at $1,292,000 after acquiring an additional 800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Seagate Technology by 42.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,623 shares of the data storage provider’s stock worth $1,590,000 after acquiring an additional 4,372 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Seagate Technology by 5.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,100 shares of the data storage provider’s stock worth $4,017,000 after purchasing an additional 1,912 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Seagate Technology by 14.9% in the third quarter. State of Alaska Department of Revenue now owns 24,391 shares of the data storage provider’s stock valued at $2,671,000 after purchasing an additional 3,155 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $100.67 on Friday. The firm has a fifty day moving average price of $95.39 and a two-hundred day moving average price of $99.95. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 18.40 and a beta of 1.07. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology Dividend Announcement

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

Insider Buying and Selling at Seagate Technology

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

Analyst Ratings Changes

STX has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Citigroup upped their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities reiterated an “outperform” rating and set a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. The Goldman Sachs Group decreased their price objective on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Rosenblatt Securities lifted their target price on Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $122.56.

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.