My Legacy Advisors LLC Boosts Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

My Legacy Advisors LLC increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,113 shares of the data storage provider’s stock after purchasing an additional 118 shares during the quarter. My Legacy Advisors LLC’s holdings in Seagate Technology were worth $294,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its stake 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 buying an additional 89 shares during the last quarter. Affinity Capital Advisors LLC raised its position in Seagate Technology by 1.5% in the third quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider’s stock worth $725,000 after acquiring an additional 100 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Seagate Technology by 3.7% during the fourth quarter. AdvisorNet Financial Inc now owns 3,377 shares of the data storage provider’s stock worth $291,000 after buying an additional 122 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Seagate Technology by 3.6% in the 3rd quarter. Ballentine Partners LLC now owns 3,671 shares of the data storage provider’s stock worth $402,000 after acquiring an additional 129 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in Seagate Technology by 2.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,287 shares of the data storage provider’s stock valued at $456,000 after acquiring an additional 142 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on 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 in the company, valued at approximately $63,947,726.41. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Christopher Morris sold 1,131 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $111.90, for a total value of $126,558.90. Following the sale, the senior vice president now owns 7,191 shares of the company’s stock, valued at $804,672.90. This trade represents a 13.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,304 shares of company stock valued at $5,656,238 over the last quarter. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STX. StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. 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. Wedbush reissued an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their target price on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Benchmark reissued a “hold” rating on shares of Seagate Technology in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.94.

Seagate Technology Price Performance

Shares of STX stock opened at $97.67 on Monday. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The firm has a market capitalization of $20.66 billion, a price-to-earnings ratio of 25.50 and a beta of 1.06. The business has a 50 day simple moving average of $94.40 and a 200 day simple moving average of $100.31.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.28. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The company’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same period last year, the company earned ($0.34) earnings per share. On average, equities analysts anticipate that Seagate Technology Holdings plc will post 7.18 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Sunday, December 15th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, December 13th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s dividend payout ratio (DPR) is currently 75.20%.

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.