Charles Schwab Investment Management Inc. Increases Position in Seagate Technology Holdings plc (NASDAQ:STX)

Charles Schwab Investment Management Inc. grew its position in shares of Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,200,542 shares of the data storage provider’s stock after purchasing an additional 21,567 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Seagate Technology were worth $79,176,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Seagate Technology by 57.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 536 shares of the data storage provider’s stock worth $33,000 after acquiring an additional 196 shares during the period. State of Wyoming purchased a new position in Seagate Technology in the fourth quarter valued at approximately $36,000. CENTRAL TRUST Co raised its holdings in Seagate Technology by 50.0% in the third 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 during the period. Larson Financial Group LLC purchased a new position in Seagate Technology in the third quarter valued at approximately $53,000. Finally, Stonebridge Capital Advisors LLC raised its holdings in Seagate Technology by 142.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,166 shares of the data storage provider’s stock valued at $61,000 after buying an additional 685 shares during the period. 85.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on STX shares. Cantor Fitzgerald started coverage on shares of Seagate Technology in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $90.00 price target on the stock. Barclays lifted their price objective on shares of Seagate Technology from $65.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. UBS Group lifted their price objective on shares of Seagate Technology from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Mizuho lifted their price objective on shares of Seagate Technology from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Bank of America lifted their price objective on shares of Seagate Technology from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.00.

Check Out Our Latest Stock Analysis on Seagate Technology

Insider Activity

In related news, CFO Gianluca Romano sold 61,895 shares of Seagate Technology stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $79.02, for a total transaction of $4,890,942.90. Following the sale, the chief financial officer now directly owns 63,391 shares in the company, valued at $5,009,156.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Ban Seng Teh sold 8,000 shares of Seagate Technology stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $79.70, for a total value of $637,600.00. Following the transaction, the executive vice president now owns 33,690 shares of the company’s stock, valued at approximately $2,685,093. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gianluca Romano sold 61,895 shares of Seagate Technology stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $79.02, for a total value of $4,890,942.90. Following the completion of the transaction, the chief financial officer now directly owns 63,391 shares in the company, valued at approximately $5,009,156.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,994 shares of company stock valued at $6,547,701. 0.89% of the stock is currently owned by company insiders.

Seagate Technology Price Performance

Seagate Technology stock opened at $89.10 on Tuesday. The company has a market cap of $18.67 billion, a PE ratio of -25.46 and a beta of 1.04. The company has a fifty day moving average price of $84.37 and a two-hundred day moving average price of $74.10. Seagate Technology Holdings plc has a 12 month low of $54.32 and a 12 month high of $92.04.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Wednesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is -80.00%.

Seagate Technology Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings plc (NASDAQ:STXFree Report).

Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.