Insight Wealth Strategies LLC Has $6.22 Million Stock Holdings in Seagate Technology Holdings PLC $STX

Insight Wealth Strategies LLC reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 52.2% during the third quarter, Holdings Channel.com reports. The fund owned 26,358 shares of the data storage provider’s stock after selling 28,778 shares during the period. Insight Wealth Strategies LLC’s holdings in Seagate Technology were worth $6,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Seagate Technology in the 1st quarter valued at $17,058,000. Public Sector Pension Investment Board raised its stake in Seagate Technology by 6.9% during the first quarter. Public Sector Pension Investment Board now owns 32,862 shares of the data storage provider’s stock worth $2,792,000 after buying an additional 2,135 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Seagate Technology by 4.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,600 shares of the data storage provider’s stock valued at $2,175,000 after buying an additional 1,100 shares during the period. Aberdeen Group plc boosted its position in Seagate Technology by 125.2% during the first quarter. Aberdeen Group plc now owns 158,006 shares of the data storage provider’s stock valued at $13,290,000 after acquiring an additional 87,855 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Seagate Technology by 44.3% during the 1st quarter. Raymond James Financial Inc. now owns 383,871 shares of the data storage provider’s stock worth $32,610,000 after acquiring an additional 117,844 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group raised their target price on Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Evercore ISI boosted their price target on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Mizuho increased their price target on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Susquehanna raised their price objective on shares of Seagate Technology from $80.00 to $150.00 and gave the stock a “negative” rating in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $287.17.

Insider Activity

In other news, EVP Kian Fatt Chong sold 7,078 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $272.14, for a total transaction of $1,926,206.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the completion of the sale, the executive vice president owned 12,041 shares in the company, valued at $3,251,070. This represents a 33.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 132,555 shares of company stock valued at $36,030,007. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $285.58 on Tuesday. The stock has a market capitalization of $60.99 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.59. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $308.93. The stock has a 50 day moving average price of $254.95 and a two-hundred day moving average price of $196.24.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 1.0%. Seagate Technology’s dividend payout ratio is currently 36.97%.

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.