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

Wealthspire Advisors LLC acquired a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,894 shares of the data storage provider’s stock, valued at approximately $336,000.

A number of other institutional investors have also added to or reduced their stakes in STX. Victory Capital Management Inc. lifted its holdings in shares of Seagate Technology by 133.8% in the 3rd quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock valued at $18,834,000 after acquiring an additional 98,418 shares during the last quarter. Versor Investments LP bought a new stake in shares of Seagate Technology in the 3rd quarter valued at approximately $2,146,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Seagate Technology by 9.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider’s stock valued at $4,215,000 after purchasing an additional 4,229 shares during the last quarter. Forte Capital LLC ADV boosted its holdings in shares of Seagate Technology by 29.8% in the 3rd quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider’s stock worth $3,173,000 after purchasing an additional 6,653 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Seagate Technology by 341.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock valued at $143,370,000 after purchasing an additional 1,012,638 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Trading Up 0.4 %

STX opened at $100.67 on Friday. The firm has a market capitalization of $21.31 billion, a PE ratio of 18.40 and a beta of 1.07. The firm’s 50-day moving average price is $95.39 and its 200 day moving average price is $99.95. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.86%. Seagate Technology’s dividend payout ratio is presently 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 on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total value of $2,056,600.00. Following the completion of the sale, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at approximately $64,011,366.51. The trade was a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the sale, the director now owns 6,555 shares in the company, valued at $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 have sold 20,891 shares of company stock worth $2,146,848 in the last ninety days. 0.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. StockNews.com raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Wednesday, January 22nd. Citigroup increased their price target on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.