My Legacy Advisors LLC Has $328,000 Position in Seagate Technology Holdings plc (NASDAQ:STX)

My Legacy Advisors LLC cut its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,995 shares of the data storage provider’s stock after selling 370 shares during the quarter. My Legacy Advisors LLC’s holdings in Seagate Technology were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in STX. Park Avenue Securities LLC grew its position in Seagate Technology by 7.1% during the first quarter. Park Avenue Securities LLC now owns 5,590 shares of the data storage provider’s stock worth $520,000 after buying an additional 371 shares in the last quarter. RFG Advisory LLC acquired a new stake in Seagate Technology during the first quarter valued at approximately $235,000. Sunbelt Securities Inc. boosted its holdings in Seagate Technology by 269.1% during the first quarter. Sunbelt Securities Inc. now owns 753 shares of the data storage provider’s stock valued at $70,000 after purchasing an additional 549 shares in the last quarter. Viking Fund Management LLC boosted its holdings in Seagate Technology by 722.2% during the first quarter. Viking Fund Management LLC now owns 740 shares of the data storage provider’s stock valued at $69,000 after purchasing an additional 650 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Seagate Technology by 20.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,105 shares of the data storage provider’s stock valued at $1,219,000 after purchasing an additional 2,217 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on STX. TD Cowen lifted their price objective on Seagate Technology from $110.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Rosenblatt Securities lifted their target price on shares of Seagate Technology from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Susquehanna lifted their target price on shares of Seagate Technology from $55.00 to $65.00 and gave the company a “negative” rating in a research note on Wednesday, July 24th. Citigroup lifted their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI lifted their target price on shares of Seagate Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $115.94.

Seagate Technology Stock Up 0.2 %

Shares of STX stock opened at $112.64 on Wednesday. Seagate Technology Holdings plc has a 12-month low of $64.12 and a 12-month high of $115.32. The firm has a market capitalization of $23.71 billion, a price-to-earnings ratio of 73.14 and a beta of 1.04. The firm has a fifty day moving average of $104.92 and a 200-day moving average of $99.52.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.32. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. Seagate Technology had a net margin of 5.11% and a negative return on equity of 8.41%. The firm’s revenue was up 49.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.34) EPS. Research analysts expect that Seagate Technology Holdings plc will post 7.09 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.72 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a yield of 2.56%. Seagate Technology’s payout ratio is 181.82%.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $93.46, for a total transaction of $1,869,200.00. Following the sale, the chief executive officer now directly owns 654,270 shares of the company’s stock, valued at approximately $61,148,074.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $93.46, for a total value of $1,869,200.00. Following the transaction, the chief executive officer now directly owns 654,270 shares of the company’s stock, valued at $61,148,074.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $96.10, for a total transaction of $72,075.00. Following the completion of the transaction, the director now owns 3,034 shares in the company, valued at approximately $291,567.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,298 shares of company stock worth $22,814,576 in the last quarter. Corporate 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.