Stablepoint Partners LLC Has $4.46 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Stablepoint Partners LLC raised its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,652 shares of the data storage provider’s stock after acquiring an additional 1,170 shares during the quarter. Stablepoint Partners LLC’s holdings in Seagate Technology were worth $4,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in Seagate Technology in the 3rd quarter worth about $26,000. Quarry LP acquired a new position in shares of Seagate Technology in the second quarter valued at approximately $27,000. Advisors Asset Management Inc. raised its holdings 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 last quarter. JFS Wealth Advisors LLC boosted its position in Seagate Technology by 232.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after buying an additional 293 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Seagate Technology during the 3rd quarter worth approximately $53,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $108.19 on Friday. The business has a 50-day simple moving average of $95.00 and a 200 day simple moving average of $100.39. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The firm has a market capitalization of $22.89 billion, a price-to-earnings ratio of 19.78 and a beta of 1.06.

Seagate Technology Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.66%. Seagate Technology’s dividend payout ratio is 52.65%.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.53, for a total value of $1,990,600.00. Following the transaction, the chief executive officer now owns 642,497 shares of the company’s stock, valued at approximately $63,947,726.41. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kian Fatt Chong sold 9,182 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $105.50, for a total value of $968,701.00. The disclosure for this sale can be found here. Insiders have sold 50,073 shares of company stock valued at $5,106,149 over the last ninety days. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STX. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Seagate Technology in a report on Wednesday. Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Wednesday. Susquehanna increased their price target on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research note on Wednesday. Citigroup upped their target price on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.56.

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.