Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC reduced its position in Seagate Technology Holdings plc (NASDAQ:STX) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,432 shares of the data storage provider’s stock after selling 760 shares during the quarter. NewEdge Wealth LLC’s holdings in Seagate Technology were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of STX. Berkshire Bank raised its stake in shares of Seagate Technology by 2.6% in the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after acquiring an additional 103 shares in the last quarter. MWA Asset Management grew its stake in Seagate Technology by 0.5% during the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock worth $1,695,000 after purchasing an additional 104 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 113 shares during the period. My Legacy Advisors LLC raised its position in Seagate Technology by 3.9% in the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after purchasing an additional 118 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Seagate Technology by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,098 shares of the data storage provider’s stock valued at $1,562,000 after buying an additional 120 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STX. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Barclays raised their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lowered their target price on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Susquehanna increased their target price on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a report on Wednesday, January 22nd. Finally, Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $101.91 on Monday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The stock has a market cap of $21.58 billion, a P/E ratio of 18.63 and a beta of 1.07. The firm has a fifty day moving average price of $95.95 and a 200 day moving average price of $100.01.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. 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 dividend payout ratio is currently 52.65%.

Seagate Technology 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.