2,184 Shares in Seagate Technology Holdings PLC $STX Acquired by North Berkeley Wealth Management LLC

North Berkeley Wealth Management LLC acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,184 shares of the data storage provider’s stock, valued at approximately $315,000.

A number of other hedge funds also recently modified their holdings of the stock. Vision Financial Markets LLC bought a new stake in shares of Seagate Technology during the second quarter worth about $173,000. Nordea Investment Management AB boosted its position in Seagate Technology by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after buying an additional 2,808 shares during the period. Central Asset Investments & Management Holdings HK Ltd boosted its position in Seagate Technology by 185.8% during the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after buying an additional 12,178 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in Seagate Technology during the 1st quarter worth approximately $272,000. Finally, Allspring Global Investments Holdings LLC increased its position in Seagate Technology by 21.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock valued at $8,886,000 after acquiring an additional 10,847 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other news, EVP Ban Seng Teh sold 6,000 shares of Seagate Technology stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the sale, the executive vice president owned 12,041 shares in the company, valued at $3,251,070. The trade was a 33.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the transaction, the director directly owned 5,601 shares in the company, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 152,011 shares of company stock worth $39,835,990. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Rosenblatt Securities raised their target price on Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BNP Paribas Exane cut their target price on Seagate Technology from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Morgan Stanley increased their price target on Seagate Technology from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Robert W. Baird lifted their price objective on Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $285.45.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $265.63 on Friday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $297.88. The business’s 50-day moving average is $248.21 and its 200-day moving average is $186.43. The company has a market capitalization of $56.73 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 1.01 and a beta of 1.59.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio (DPR) is currently 36.97%.

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.