Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC increased its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,679 shares of the data storage provider’s stock after acquiring an additional 349 shares during the quarter. Empower Advisory Group LLC’s holdings in Seagate Technology were worth $404,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of STX. Ashton Thomas Securities LLC acquired a new position in Seagate Technology in the 3rd quarter valued at $26,000. Advisors Asset Management Inc. increased its stake in Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after buying an additional 258 shares during the period. JFS Wealth Advisors LLC increased its stake in Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after buying an additional 293 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology in the 3rd quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Seagate Technology in the 3rd quarter valued at $54,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Rosenblatt Securities upped their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI upped their price target on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Insider Buying and Selling at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. This represents a 10.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the transaction, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at approximately $64,011,366.51. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,891 shares of company stock worth $2,146,848. Corporate insiders own 0.81% of the company’s stock.

Seagate Technology Trading Down 0.1 %

NASDAQ:STX opened at $103.00 on Thursday. The firm has a market cap of $21.81 billion, a price-to-earnings ratio of 18.83 and a beta of 1.07. The company’s 50-day moving average is $94.82 and its two-hundred day moving average is $99.72. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.80%. Seagate Technology’s dividend payout ratio (DPR) is 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.