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

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in Seagate Technology by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock valued at $281,000 after acquiring an additional 89 shares in the last quarter. Berkshire Bank grew its position in 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 position in Seagate Technology by 0.5% in the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after acquiring an additional 104 shares in the last quarter. JFS Wealth Advisors LLC grew its position in Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 113 shares in the last quarter. Finally, My Legacy Advisors LLC grew its position in Seagate Technology by 3.9% in the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on STX. Morgan Stanley reduced their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company reduced their target price 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. Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Mizuho reduced their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Bank of America increased their target price on Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $122.56.

Insider Activity

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

Seagate Technology Stock Performance

STX stock opened at $103.00 on Thursday. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 18.83 and a beta of 1.07. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The stock’s fifty day moving average is $94.82 and its two-hundred day moving average is $99.72.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 2.80%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

About Seagate Technology

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.