CreativeOne Wealth LLC Acquires 5,618 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

CreativeOne Wealth LLC grew its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 93.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,617 shares of the data storage provider’s stock after purchasing an additional 5,618 shares during the period. CreativeOne Wealth LLC’s holdings in Seagate Technology were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of STX. Vanguard Group Inc. grew its position in Seagate Technology by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock valued at $2,414,446,000 after acquiring an additional 1,814,821 shares during the period. National Pension Service bought a new stake in shares of Seagate Technology in the 4th quarter worth about $43,436,000. Los Angeles Capital Management LLC increased its position in shares of Seagate Technology by 176.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock worth $64,007,000 after purchasing an additional 473,484 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Seagate Technology by 29.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after purchasing an additional 405,232 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Seagate Technology by 14.6% in the fourth quarter. Invesco Ltd. now owns 2,761,534 shares of the data storage provider’s stock valued at $238,348,000 after buying an additional 352,300 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $72.82 on Thursday. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 13.31 and a beta of 1.21. The firm has a fifty day moving average of $87.78 and a two-hundred day moving average of $95.18.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the completion of the sale, the chief executive officer now owns 555,677 shares of the company’s stock, valued at approximately $46,988,047.12. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the subject of several recent analyst reports. Mizuho dropped their price objective on shares of Seagate Technology from $115.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group dropped their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Wednesday, January 22nd. StockNews.com cut Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Citigroup decreased their price objective on shares of Seagate Technology from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.78.

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.