Seagate Technology Holdings plc (NASDAQ:STX) Position Increased by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC lifted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,158 shares of the data storage provider’s stock after buying an additional 1,118 shares during the period. Greenwood Capital Associates LLC’s holdings in Seagate Technology were worth $1,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Seagate Technology during the 3rd quarter worth about $26,000. Quarry LP acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $27,000. Advisors Asset Management Inc. lifted its position in shares of Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Seagate Technology by 232.5% during the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 293 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in Seagate Technology during the third quarter valued at approximately $53,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Down 0.4 %

Shares of STX stock opened at $93.13 on Tuesday. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The firm’s fifty day simple moving average is $95.10 and its 200 day simple moving average is $100.08. The firm has a market capitalization of $19.72 billion, a P/E ratio of 17.00 and a beta of 1.07.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

Analyst Upgrades and Downgrades

STX has been the subject of several recent research reports. Mizuho cut their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Barclays boosted their price target on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group cut their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Susquehanna boosted their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.56.

Insider Activity at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the transaction, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kian Fatt Chong sold 9,182 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $105.50, for a total transaction of $968,701.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,073 shares of company stock worth $3,115,549. Company insiders own 0.81% of the company’s stock.

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.