U.S. Capital Wealth Advisors LLC Has $7.64 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 612.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,467 shares of the data storage provider’s stock after purchasing an additional 76,056 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Seagate Technology were worth $7,636,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Sei Investments Co. raised its holdings in shares of Seagate Technology by 33.7% in the second quarter. Sei Investments Co. now owns 14,484 shares of the data storage provider’s stock valued at $1,496,000 after buying an additional 3,647 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Seagate Technology by 26.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 10,475 shares of the data storage provider’s stock valued at $1,081,000 after purchasing an additional 2,165 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Seagate Technology by 5.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,903 shares of the data storage provider’s stock valued at $919,000 after purchasing an additional 433 shares during the last quarter. Quarry LP acquired a new position in Seagate Technology during the second quarter worth approximately $27,000. Finally, Cetera Investment Advisers raised its stake in Seagate Technology by 10.9% in the second quarter. Cetera Investment Advisers now owns 61,710 shares of the data storage provider’s stock valued at $6,373,000 after buying an additional 6,067 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 2.0 %

Shares of Seagate Technology stock opened at $96.36 on Friday. The stock has a market cap of $20.40 billion, a price-to-earnings ratio of 17.62 and a beta of 1.06. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The company’s fifty day moving average is $95.10 and its 200 day moving average is $100.11.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.99%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STX. Bank of America lifted their target price on Seagate Technology from $124.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. UBS Group lifted their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Evercore ISI increased their price objective on shares of Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Finally, Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $102.83, for a total value of $2,056,600.00. Following the transaction, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at $64,011,366.51. The trade was a 3.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the sale, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,073 shares of company stock worth $3,115,549 over the last ninety days. 0.81% of the stock is owned by insiders.

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.