Richard W. Paul & Associates LLC Acquires 139 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Richard W. Paul & Associates LLC raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,258 shares of the data storage provider’s stock after purchasing an additional 139 shares during the period. Richard W. Paul & Associates LLC’s holdings in Seagate Technology were worth $799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of STX. US Bancorp DE lifted its stake in Seagate Technology by 3.3% in the fourth quarter. US Bancorp DE now owns 18,085 shares of the data storage provider’s stock worth $1,561,000 after acquiring an additional 577 shares during the period. SVB Wealth LLC bought a new position in Seagate Technology in the 4th quarter worth $478,000. Flputnam Investment Management Co. bought a new stake in shares of Seagate Technology during the 4th quarter valued at about $417,000. Wakefield Asset Management LLLP boosted its stake in shares of Seagate Technology by 9.0% during the 4th quarter. Wakefield Asset Management LLLP now owns 3,931 shares of the data storage provider’s stock valued at $339,000 after purchasing an additional 325 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Seagate Technology by 4.0% during the fourth quarter. QRG Capital Management Inc. now owns 10,742 shares of the data storage provider’s stock valued at $927,000 after buying an additional 412 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insiders Place Their Bets

In other news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology 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 transaction, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total transaction 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 $64,011,366.51. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,891 shares of company stock worth $2,146,848. Company insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on STX shares. Morgan Stanley cut their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. UBS Group upped their price target on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities raised their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $160.00 target price (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Price Performance

Shares of STX opened at $101.91 on Friday. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The business has a fifty day moving average of $95.65 and a 200 day moving average of $99.96. The firm has a market capitalization of $21.58 billion, a P/E ratio of 18.63 and a beta of 1.07.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

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.