Allworth Financial LP Acquires 3,893 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Allworth Financial LP grew its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 207.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,774 shares of the data storage provider’s stock after acquiring an additional 3,893 shares during the quarter. Allworth Financial LP’s holdings in Seagate Technology were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of STX. Blue Trust Inc. raised its holdings in shares of 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 during the period. Raymond James & Associates raised its stake in shares of Seagate Technology by 2.4% in the 3rd quarter. Raymond James & Associates now owns 227,667 shares of the data storage provider’s stock valued at $24,936,000 after purchasing an additional 5,385 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Seagate Technology by 10.2% in the third quarter. Foundations Investment Advisors LLC now owns 2,299 shares of the data storage provider’s stock valued at $252,000 after purchasing an additional 213 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Seagate Technology by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock valued at $281,000 after purchasing an additional 89 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of 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 buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on STX. Rosenblatt Securities boosted their target price on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Wednesday, January 22nd. Bank of America raised their target price on shares of Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Stock Down 0.3 %

Shares of NASDAQ STX opened at $102.64 on Friday. The business has a 50-day simple moving average of $94.92 and a two-hundred day simple moving average of $99.74. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The company has a market cap of $21.73 billion, a P/E ratio of 18.76 and a beta of 1.07.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.81%. Seagate Technology’s dividend payout ratio is currently 52.65%.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s 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 approximately $64,011,366.51. The trade was a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $76,365.00. Following the transaction, 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 20,891 shares of company stock valued at $2,146,848 over the last three months. 0.81% of the stock is owned by corporate insiders.

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.