Berkshire Bank Acquires 103 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Berkshire Bank grew its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,118 shares of the data storage provider’s stock after acquiring an additional 103 shares during the quarter. Berkshire Bank’s holdings in Seagate Technology were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of STX. Pacer Advisors Inc. raised its holdings in Seagate Technology by 49.8% during the 4th quarter. Pacer Advisors Inc. now owns 29,044 shares of the data storage provider’s stock worth $2,507,000 after buying an additional 9,656 shares during the period. KBC Group NV raised its holdings in shares of Seagate Technology by 150.1% during the fourth quarter. KBC Group NV now owns 70,290 shares of the data storage provider’s stock worth $6,066,000 after acquiring an additional 42,182 shares during the period. Blue Trust Inc. lifted its position in Seagate Technology by 42.9% in the 4th quarter. Blue Trust Inc. now owns 3,407 shares of the data storage provider’s stock valued at $294,000 after acquiring an additional 1,022 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in Seagate Technology by 87.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider’s stock valued at $740,000 after acquiring an additional 4,014 shares in the last quarter. Finally, Stablepoint Partners LLC boosted its stake in Seagate Technology by 2.3% in the 4th quarter. Stablepoint Partners LLC now owns 51,652 shares of the data storage provider’s stock worth $4,458,000 after purchasing an additional 1,170 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the completion of the sale, the chief executive officer now owns 642,497 shares of the company’s stock, valued at $63,947,726.41. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,073 shares of company stock worth $5,106,149. Corporate insiders own 0.81% of the company’s stock.

Seagate Technology Stock Down 4.4 %

STX stock opened at $103.48 on Tuesday. The business has a 50-day simple moving average of $95.00 and a 200 day simple moving average of $100.35. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The company has a market cap of $21.89 billion, a PE ratio of 18.92 and a beta of 1.06.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Analyst Ratings Changes

STX has been the topic of a number of research reports. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley reduced their price target on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. UBS Group lifted their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Northland Securities reissued an “outperform” rating and issued a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Company 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.