Seagate Technology Holdings PLC $STX Stock Holdings Trimmed by Kwmg LLC

Kwmg LLC decreased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,124 shares of the data storage provider’s stock after selling 2,307 shares during the quarter. Seagate Technology accounts for approximately 1.3% of Kwmg LLC’s holdings, making the stock its 23rd largest position. Kwmg LLC’s holdings in Seagate Technology were worth $14,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in Seagate Technology during the 1st quarter valued at about $17,058,000. Public Sector Pension Investment Board boosted its holdings in shares of Seagate Technology by 6.9% in the first quarter. Public Sector Pension Investment Board now owns 32,862 shares of the data storage provider’s stock valued at $2,792,000 after acquiring an additional 2,135 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Seagate Technology by 44.3% during the first quarter. Raymond James Financial Inc. now owns 383,871 shares of the data storage provider’s stock valued at $32,610,000 after acquiring an additional 117,844 shares during the period. Brooklyn Investment Group raised its holdings in Seagate Technology by 41.5% during the first quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider’s stock worth $60,000 after purchasing an additional 206 shares in the last quarter. Finally, Korea Investment CORP lifted its position in Seagate Technology by 16.5% in the first quarter. Korea Investment CORP now owns 147,454 shares of the data storage provider’s stock worth $12,526,000 after purchasing an additional 20,904 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on STX. Cantor Fitzgerald boosted their price objective on Seagate Technology from $280.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Evercore ISI raised their price objective on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. The Goldman Sachs Group boosted their target price on shares of Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Rosenblatt Securities raised their target price on shares of Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $293.13.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $277.65 on Thursday. The firm has a 50 day simple moving average of $257.28 and a 200 day simple moving average of $198.00. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $308.93. The company has a market cap of $59.29 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 1.13 and a beta of 1.59.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s payout ratio is 36.97%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the transaction, the chief executive officer owned 485,668 shares of the company’s stock, valued at $121,368,433.20. The trade was a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gianluca Romano sold 54,021 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the completion of the sale, the chief financial officer directly owned 56,293 shares of the company’s stock, valued at $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 132,555 shares of company stock valued at $36,030,007 in the last ninety days. Company insiders own 0.79% of the company’s stock.

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.