My Legacy Advisors LLC Buys 118 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

My Legacy Advisors LLC lifted its position in Seagate Technology Holdings plc (NASDAQ:STX) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,113 shares of the data storage provider’s stock after buying an additional 118 shares during the quarter. My Legacy Advisors LLC’s holdings in Seagate Technology were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Seagate Technology during the 3rd quarter worth about $26,000. Quarry LP acquired a new stake in Seagate Technology during the second quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Seagate Technology by 2,407.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 337 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after purchasing an additional 258 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after buying an additional 293 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Price Performance

Shares of STX stock opened at $97.67 on Monday. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The firm has a 50-day moving average of $94.40 and a 200-day moving average of $100.31. The company has a market cap of $20.66 billion, a P/E ratio of 25.50 and a beta of 1.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. The company’s revenue for the quarter was up 49.1% on a year-over-year basis. As a group, research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Sunday, December 15th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.95%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, December 13th. Seagate Technology’s payout ratio is currently 75.20%.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the sale, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.53, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,304 shares of company stock worth $5,656,238. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on STX shares. Wedbush reiterated an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Rosenblatt Securities lifted their price objective on Seagate Technology from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup boosted their price objective on shares of Seagate Technology from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.94.

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.