Spire Wealth Management Has $210,000 Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Spire Wealth Management grew its position in Seagate Technology Holdings plc (NASDAQ:STX) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,430 shares of the data storage provider’s stock after purchasing an additional 129 shares during the period. Spire Wealth Management’s holdings in Seagate Technology were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Caprock Group LLC raised its holdings in Seagate Technology by 2.1% during the fourth quarter. Caprock Group LLC now owns 18,531 shares of the data storage provider’s stock worth $1,613,000 after acquiring an additional 378 shares in the last quarter. BTC Capital Management Inc. grew its position in Seagate Technology by 61.2% during the fourth quarter. BTC Capital Management Inc. now owns 28,071 shares of the data storage provider’s stock worth $2,423,000 after buying an additional 10,653 shares in the last quarter. Cibc World Market Inc. grew its position in Seagate Technology by 14.6% during the fourth quarter. Cibc World Market Inc. now owns 140,321 shares of the data storage provider’s stock worth $12,111,000 after buying an additional 17,851 shares in the last quarter. Hanson & Doremus Investment Management grew its position in Seagate Technology by 0.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 44,395 shares of the data storage provider’s stock worth $3,832,000 after buying an additional 166 shares in the last quarter. Finally, Swedbank AB lifted its stake in Seagate Technology by 4.5% during the fourth quarter. Swedbank AB now owns 38,795 shares of the data storage provider’s stock worth $3,348,000 after purchasing an additional 1,654 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on STX shares. Bank of America increased their price target on Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities increased their price target on Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley dropped their price target on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Citigroup lifted their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

Insiders Place Their Bets

In other news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred 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 sale, the director now owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the transaction, the chief executive officer now owns 622,497 shares in the company, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,891 shares of company stock worth $2,146,848. 0.81% of the stock is currently owned by company insiders.

Seagate Technology Trading Down 0.4 %

Shares of NASDAQ:STX opened at $96.15 on Friday. The company has a market cap of $20.36 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07. The company has a 50-day moving average price of $94.64 and a 200-day moving average price of $99.90. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

About Seagate Technology

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.