ORG Wealth Partners LLC Has $53,000 Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

ORG Wealth Partners LLC lessened its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 24.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 610 shares of the data storage provider’s stock after selling 196 shares during the quarter. ORG Wealth Partners LLC’s holdings in Seagate Technology were worth $53,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of STX. Victory Capital Management Inc. raised its stake in Seagate Technology by 3.6% in the 2nd quarter. Victory Capital Management Inc. now owns 73,534 shares of the data storage provider’s stock worth $7,594,000 after purchasing an additional 2,570 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Seagate Technology by 24,870.8% during the 2nd quarter. Acadian Asset Management LLC now owns 17,979 shares of the data storage provider’s stock valued at $1,853,000 after purchasing an additional 17,907 shares during the last quarter. Choreo LLC grew its holdings in shares of Seagate Technology by 15.5% during the 2nd quarter. Choreo LLC now owns 7,342 shares of the data storage provider’s stock valued at $752,000 after purchasing an additional 985 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Seagate Technology by 0.8% during the 2nd quarter. Royal London Asset Management Ltd. now owns 78,252 shares of the data storage provider’s stock valued at $8,081,000 after purchasing an additional 623 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Seagate Technology by 19.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 27,686 shares of the data storage provider’s stock valued at $2,859,000 after purchasing an additional 4,419 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on STX. Mizuho cut their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday. Rosenblatt Securities lifted their target price on shares of Seagate Technology from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Northland Securities boosted their price target on shares of Seagate Technology from $142.00 to $144.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.39.

Seagate Technology Trading Up 0.2 %

Shares of STX stock opened at $88.87 on Friday. The firm has a market capitalization of $18.80 billion, a PE ratio of 23.20 and a beta of 1.06. The firm has a fifty day simple moving average of $95.55 and a two-hundred day simple moving average of $100.77. Seagate Technology Holdings plc has a 12 month low of $79.39 and a 12 month high of $115.32.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.28. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. Seagate Technology’s quarterly revenue was up 49.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.34) EPS. On average, equities analysts predict that Seagate Technology Holdings plc will post 7.18 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Sunday, December 15th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s payout ratio is 75.20%.

Insider Transactions at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the sale, the director now owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jay L. Geldmacher sold 4,100 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $103.30, for a total transaction of $423,530.00. Following the completion of the sale, the director now owns 2,852 shares of the company’s stock, valued at approximately $294,611.60. The trade was a 58.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,304 shares of company stock worth $5,656,238 in the last quarter. 0.81% of the stock is currently owned by corporate insiders.

Seagate Technology 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.