Community Bank & Trust Waco Texas Has $861,000 Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Community Bank & Trust Waco Texas increased its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,975 shares of the data storage provider’s stock after buying an additional 182 shares during the period. Community Bank & Trust Waco Texas’ holdings in Seagate Technology were worth $861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STX. Victory Capital Management Inc. lifted its stake in Seagate Technology by 133.8% in the third quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock valued at $18,834,000 after buying an additional 98,418 shares during the period. Versor Investments LP acquired a new position in shares of Seagate Technology during the third quarter worth approximately $2,146,000. Forte Capital LLC ADV raised its position in shares of Seagate Technology by 29.8% during the third quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider’s stock worth $3,173,000 after purchasing an additional 6,653 shares during the period. International Assets Investment Management LLC raised its position in shares of Seagate Technology by 3,549.7% during the third quarter. International Assets Investment Management LLC now owns 204,493 shares of the data storage provider’s stock worth $22,398,000 after purchasing an additional 198,890 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Seagate Technology by 341.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock worth $143,370,000 after purchasing an additional 1,012,638 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on STX shares. Citigroup upped their target price on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities restated an “outperform” rating and issued a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Wells Fargo & Company reduced their price objective on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Evercore ISI increased their price target on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group cut their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.56.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total value of $2,056,600.00. Following the sale, the chief executive officer now directly owns 622,497 shares in the company, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares of the company’s stock, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,891 shares of company stock worth $2,146,848. 0.81% of the stock is currently owned by insiders.

Seagate Technology Stock Up 1.7 %

NASDAQ:STX opened at $97.80 on Tuesday. The business’s 50-day moving average price is $94.54 and its two-hundred day moving average price is $99.72. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The stock has a market cap of $20.71 billion, a P/E ratio of 17.88 and a beta of 1.07.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.94%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

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.