Seagate Technology Holdings PLC $STX Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 144.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 27,558 shares of the data storage provider’s stock after acquiring an additional 16,307 shares during the period. SG Americas Securities LLC’s holdings in Seagate Technology were worth $6,505,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Sivia Capital Partners LLC grew its position in shares of Seagate Technology by 2.6% in the third quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after purchasing an additional 47 shares during the period. Lee Johnson Capital Management LLC grew its holdings in Seagate Technology by 0.9% in the 3rd quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock valued at $1,309,000 after buying an additional 50 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of Seagate Technology by 3.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock valued at $341,000 after acquiring an additional 53 shares during the last quarter. Salvus Wealth Management LLC lifted its holdings in shares of Seagate Technology by 2.0% during the 2nd quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after acquiring an additional 68 shares during the period. Finally, Asset Dedication LLC lifted its holdings in shares of Seagate Technology by 9.5% during the 2nd quarter. Asset Dedication LLC now owns 809 shares of the data storage provider’s stock worth $117,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the subject of several research analyst reports. China Renaissance initiated coverage on shares of Seagate Technology in a research report on Friday, December 5th. They set a “buy” rating and a $325.00 price target for the company. BNP Paribas Exane dropped their price objective on Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Wedbush lifted their target price on Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Mizuho boosted their price target on Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Fox Advisors raised their price objective on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $293.13.

Seagate Technology Trading Up 6.9%

Shares of Seagate Technology stock opened at $304.01 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $332.00. The stock has a market cap of $64.92 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. The company has a fifty day moving average price of $278.12 and a 200 day moving average price of $217.16.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.0%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, December 24th. Seagate Technology’s dividend payout ratio is 38.00%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Stephanie Tilenius sold 2,046 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the completion of the sale, the director owned 12,244 shares in the company, valued at $3,261,924.04. This trade represents a 14.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ban Seng Teh sold 6,000 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the transaction, the executive vice president owned 12,041 shares in the company, valued at $3,251,070. This trade represents a 33.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 132,555 shares of company stock worth $36,743,207. 0.79% of the stock is currently owned by insiders.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.