Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Ieq Capital LLC

Ieq Capital LLC lifted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,622 shares of the data storage provider’s stock after buying an additional 3,795 shares during the quarter. Ieq Capital LLC’s holdings in Seagate Technology were worth $3,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Seagate Technology during the 3rd quarter worth $26,000. Advisors Asset Management Inc. lifted its position in shares of Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after purchasing an additional 258 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in Seagate Technology by 232.5% in the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 293 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology in the third quarter worth about $53,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Seagate Technology in the third quarter valued at about $54,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 1.7 %

Shares of NASDAQ STX opened at $100.85 on Friday. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The company has a market cap of $21.35 billion, a price-to-earnings ratio of 18.44 and a beta of 1.07. The business has a fifty day simple moving average of $95.02 and a 200-day simple moving average of $99.84.

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. This represents a $2.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

Wall Street Analysts Forecast Growth

STX has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group boosted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Bank of America raised their price target on shares of Seagate Technology from $124.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.56.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 622,497 shares of the company’s stock, valued at $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 6,555 shares in the company, valued at $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,891 shares of company stock valued at $2,146,848 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

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.