D.A. Davidson & CO. Grows Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

D.A. Davidson & CO. raised its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,381 shares of the data storage provider’s stock after buying an additional 417 shares during the period. D.A. Davidson & CO.’s holdings in Seagate Technology were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its position in Seagate Technology by 3.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock valued at $281,000 after buying an additional 89 shares during the period. Berkshire Bank raised its holdings in shares of Seagate Technology by 2.6% in the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after purchasing an additional 103 shares in the last quarter. MWA Asset Management raised its holdings in shares of Seagate Technology by 0.5% in the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after purchasing an additional 104 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 27.0% in 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 in the last quarter. Finally, My Legacy Advisors LLC raised its holdings in shares of Seagate Technology by 3.9% in the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after purchasing an additional 118 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays boosted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Susquehanna boosted their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the sale, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the sale, the director now directly owns 6,555 shares in the company, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,891 shares of company stock worth $2,146,848 over the last three months. 0.81% of the stock is currently owned by insiders.

Seagate Technology Stock Down 0.4 %

Shares of NASDAQ:STX opened at $99.72 on Wednesday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The stock has a market cap of $21.11 billion, a price-to-earnings ratio of 18.23 and a beta of 1.07. The business has a 50-day moving average price of $95.22 and a 200-day moving average price of $99.95.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

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.