CoreCap Advisors LLC acquired a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 967 shares of the data storage provider’s stock, valued at approximately $51,000.
Several other institutional investors also recently modified their holdings of STX. Corrado Advisors LLC acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $26,000. CI Investments Inc. boosted its stake in Seagate Technology by 102.2% in the 4th quarter. CI Investments Inc. now owns 540 shares of the data storage provider’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Seagate Technology by 50.0% in the 3rd quarter. CENTRAL TRUST Co now owns 900 shares of the data storage provider’s stock valued at $48,000 after buying an additional 300 shares in the last quarter. Private Trust Co. NA acquired a new stake in Seagate Technology in the 4th quarter valued at $55,000. Finally, Ronald Blue Trust Inc. boosted its stake in Seagate Technology by 189.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,445 shares of the data storage provider’s stock valued at $77,000 after buying an additional 945 shares in the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.
Seagate Technology Trading Down 1.5 %
NASDAQ STX opened at $60.10 on Thursday. The stock has a 50-day simple moving average of $61.04 and a 200 day simple moving average of $60.12. Seagate Technology Holdings plc has a 12 month low of $47.47 and a 12 month high of $87.02.
Seagate Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 21st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, June 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.66%. Seagate Technology’s payout ratio is -333.33%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on STX shares. Barclays decreased their price target on Seagate Technology from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 21st. Evercore ISI decreased their price target on Seagate Technology from $70.00 to $65.00 and set an “inline” rating on the stock in a research note on Friday, April 21st. Credit Suisse Group decreased their price target on Seagate Technology from $69.00 to $54.00 and set a “neutral” rating on the stock in a research note on Friday, April 21st. UBS Group cut their price objective on Seagate Technology from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, April 21st. Finally, Bank of America lifted their price objective on Seagate Technology from $65.00 to $71.00 in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $66.00.
Insider Buying and Selling at Seagate Technology
In other Seagate Technology news, SVP Katherine Schuelke sold 3,487 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $62.09, for a total value of $216,507.83. Following the completion of the transaction, the senior vice president now directly owns 28,658 shares of the company’s stock, valued at $1,779,375.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.
About Seagate Technology
Seagate Technology Holdings Plc operates as holding company that is engaged in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions.
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