RWA Wealth Partners LLC Sells 200 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

RWA Wealth Partners LLC trimmed its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,520 shares of the data storage provider’s stock after selling 200 shares during the period. RWA Wealth Partners LLC’s holdings in Seagate Technology were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of STX. Glenmede Trust Co. NA raised its position in Seagate Technology by 9.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,450 shares of the data storage provider’s stock valued at $487,000 after purchasing an additional 384 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Seagate Technology by 12.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,360 shares of the data storage provider’s stock valued at $4,640,000 after buying an additional 4,711 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Seagate Technology by 50.1% during the third quarter. Public Sector Pension Investment Board now owns 10,491 shares of the data storage provider’s stock valued at $1,149,000 after acquiring an additional 3,500 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in Seagate Technology in the third quarter valued at $1,238,000. Finally, Captrust Financial Advisors boosted its holdings in Seagate Technology by 14.4% in the third quarter. Captrust Financial Advisors now owns 25,364 shares of the data storage provider’s stock valued at $2,778,000 after acquiring an additional 3,188 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $84.54 on Wednesday. The firm’s 50 day moving average price is $95.12 and its 200-day moving average price is $98.05. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The company has a market cap of $17.90 billion, a PE ratio of 15.46 and a beta of 1.01.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.41%. Seagate Technology’s dividend payout ratio is 52.65%.

Analyst Ratings Changes

Several research firms have recently commented on STX. Mizuho dropped their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Bank of America lowered their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Benchmark upgraded 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, January 22nd. Wells Fargo & Company lowered 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. Finally, Citigroup reduced their price target on Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

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.