Janney Montgomery Scott LLC Purchases 9,262 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Janney Montgomery Scott LLC raised its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,326 shares of the data storage provider’s stock after buying an additional 9,262 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Seagate Technology were worth $7,106,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Seagate Technology in the third quarter valued at about $26,000. Quarry LP acquired a new stake in Seagate Technology during the second quarter valued at approximately $27,000. Advisors Asset Management Inc. grew its stake in shares of Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after purchasing an additional 258 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after buying an additional 293 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Seagate Technology during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Down 3.1 %

Shares of STX stock opened at $100.27 on Wednesday. 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 $21.21 billion, a price-to-earnings ratio of 18.33 and a beta of 1.06. The stock has a 50-day moving average price of $95.17 and a 200 day moving average price of $100.28.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.53, for a total value of $1,990,600.00. Following the sale, the chief executive officer now directly owns 642,497 shares in the company, valued at $63,947,726.41. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yolanda Lee Conyers sold 750 shares of the company’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 transaction of $76,365.00. Following the completion of the sale, the director now directly 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. Insiders have sold 50,073 shares of company stock worth $5,106,149 over the last ninety days. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on STX shares. The Goldman Sachs Group lowered their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Mizuho lowered their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. UBS Group lifted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company decreased their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Rosenblatt Securities lifted their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.56.

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.