World Investment Advisors Increases Holdings in Seagate Technology Holdings PLC $STX

World Investment Advisors boosted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 151.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,606 shares of the data storage provider’s stock after buying an additional 6,997 shares during the period. World Investment Advisors’ holdings in Seagate Technology were worth $2,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of STX. Ieq Capital LLC lifted its stake in Seagate Technology by 6.7% during the 1st quarter. Ieq Capital LLC now owns 38,013 shares of the data storage provider’s stock valued at $3,229,000 after acquiring an additional 2,391 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Seagate Technology by 46.8% during the first quarter. CreativeOne Wealth LLC now owns 17,058 shares of the data storage provider’s stock worth $1,449,000 after purchasing an additional 5,441 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in Seagate Technology by 27.1% during the first quarter. OMERS ADMINISTRATION Corp now owns 26,208 shares of the data storage provider’s stock valued at $2,226,000 after purchasing an additional 5,590 shares during the period. Baird Financial Group Inc. boosted its holdings in Seagate Technology by 5.0% in the first quarter. Baird Financial Group Inc. now owns 20,774 shares of the data storage provider’s stock valued at $1,765,000 after purchasing an additional 998 shares during the last quarter. Finally, Mubadala Investment Co PJSC grew its position in Seagate Technology by 12.1% during the 1st quarter. Mubadala Investment Co PJSC now owns 43,670 shares of the data storage provider’s stock worth $3,710,000 after purchasing an additional 4,725 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

Shares of STX stock opened at $286.22 on Friday. The company has a market cap of $61.13 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.12 and a beta of 1.59. The stock has a 50 day simple moving average of $266.74 and a 200-day simple moving average of $205.34. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $308.93.

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 1.0%. Seagate Technology’s payout ratio is 38.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on STX shares. Wells Fargo & Company boosted their price objective on Seagate Technology from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Susquehanna lifted their price target on Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a research report on Wednesday, October 29th. BNP Paribas Exane decreased their price target on Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Bank of America lifted their target price on shares of Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Evercore ISI boosted their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $293.13.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the completion of the sale, the chief executive officer owned 485,668 shares of the company’s stock, valued at $121,368,433.20. The trade was a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gianluca Romano sold 54,021 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the transaction, the chief financial officer owned 56,293 shares of the company’s stock, valued at approximately $16,052,511.88. This trade represents a 48.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 132,555 shares of company stock valued at $36,030,007. Insiders own 0.79% of the company’s stock.

Seagate Technology Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.