Seagate Technology Holdings PLC $STX Stock Holdings Lowered by Stablepoint Partners LLC

Stablepoint Partners LLC lowered its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 21.6% during the third quarter, HoldingsChannel reports. The firm owned 40,677 shares of the data storage provider’s stock after selling 11,228 shares during the period. Seagate Technology accounts for approximately 1.5% of Stablepoint Partners LLC’s holdings, making the stock its 9th largest holding. Stablepoint Partners LLC’s holdings in Seagate Technology were worth $9,602,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in STX. Sivia Capital Partners LLC grew its stake in shares of Seagate Technology by 2.6% during the third quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC boosted its holdings in Seagate Technology by 2.9% in the third quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock valued at $414,000 after purchasing an additional 49 shares during the last quarter. Lee Johnson Capital Management LLC grew its stake in Seagate Technology by 0.9% during 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 purchasing an additional 50 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in 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 worth $341,000 after purchasing an additional 53 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its position in shares of Seagate Technology by 1.7% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 3,510 shares of the data storage provider’s stock valued at $829,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Trading Up 3.5%

NASDAQ STX opened at $358.29 on Tuesday. The company has a 50-day moving average price of $291.10 and a two-hundred day moving average price of $232.11. The stock has a market cap of $76.52 billion, a price-to-earnings ratio of 45.99, a price-to-earnings-growth ratio of 1.04 and a beta of 1.60. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $370.47.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STX. Cantor Fitzgerald raised their price target on shares of Seagate Technology from $280.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. BNP Paribas Exane raised shares of Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 target price for the company in a research report on Wednesday, January 21st. Loop Capital increased their target price on Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Evercore ISI boosted their price target on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Finally, Wells Fargo & Company raised their price objective on Seagate Technology from $250.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $356.09.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 1,412 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $299.31, for a total value of $422,625.72. Following the completion of the sale, the executive vice president directly owned 13,693 shares in the company, valued at $4,098,451.83. This represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the sale, the director directly owned 5,601 shares in the company, valued at $1,528,568.91. This represents a 11.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 132,557 shares of company stock valued at $36,847,793. Corporate insiders own 0.79% of the company’s stock.

About Seagate Technology

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.