U.S. Capital Wealth Advisors LLC Has $7.64 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

U.S. Capital Wealth Advisors LLC lifted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 612.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,467 shares of the data storage provider’s stock after purchasing an additional 76,056 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Seagate Technology were worth $7,636,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of 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 worth $18,834,000 after purchasing an additional 98,418 shares during the last quarter. Versor Investments LP bought a new stake in shares of Seagate Technology during the 3rd quarter worth $2,146,000. Forte Capital LLC ADV boosted its holdings in shares of Seagate Technology by 29.8% in the 3rd quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider’s stock worth $3,173,000 after buying an additional 6,653 shares during the last quarter. International Assets Investment Management LLC grew its position in 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 valued at $22,398,000 after buying an additional 198,890 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 buying an additional 1,012,638 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Activity at Seagate Technology

In other news, SVP Kian Fatt Chong sold 9,182 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $105.50, for a total value of $968,701.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now 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. In the last 90 days, insiders have sold 30,073 shares of company stock valued at $3,115,549. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on STX. Citigroup increased their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Mizuho decreased their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Barclays lifted their price objective on Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 22nd. Finally, Bank of America upped their price objective on shares of Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Price Performance

NASDAQ:STX opened at $96.36 on Friday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The business has a 50 day moving average of $95.10 and a 200 day moving average of $100.11. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 17.62 and a beta of 1.06.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.99%. Seagate Technology’s dividend payout ratio (DPR) is 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.