Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Optimist Retirement Group LLC

Optimist Retirement Group LLC raised its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,640 shares of the data storage provider’s stock after purchasing an additional 367 shares during the period. Optimist Retirement Group LLC’s holdings in Seagate Technology were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new position in shares of Seagate Technology in the 3rd quarter valued at $26,000. Advisors Asset Management Inc. grew its holdings 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 increased its position in shares of Seagate Technology by 232.5% during 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 purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at about $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Seagate Technology in the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology 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 completion of the transaction, the director now directly owns 6,555 shares of the company’s stock, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kian Fatt Chong sold 9,182 shares of the company’s stock in a transaction on Friday, November 8th. The shares were 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 sold 30,073 shares of company stock worth $3,115,549 over the last 90 days. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on STX shares. UBS Group lifted their price target on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upped their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Citigroup raised their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company reduced their target price on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Price Performance

Shares of STX stock opened at $95.43 on Thursday. The business’s fifty day moving average price is $94.71 and its 200 day moving average price is $99.92. The firm has a market capitalization of $20.20 billion, a PE ratio of 17.45 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.

Seagate Technology Announces Dividend

The business 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 $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.02%. Seagate Technology’s dividend payout ratio is presently 52.65%.

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.