Hanson & Doremus Investment Management Has $3.83 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Hanson & Doremus Investment Management grew its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,395 shares of the data storage provider’s stock after buying an additional 166 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Seagate Technology were worth $3,832,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sanders Capital LLC increased its stake in shares of Seagate Technology by 0.9% in the 3rd quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider’s stock valued at $1,792,742,000 after buying an additional 150,115 shares during the period. State Street Corp raised its holdings in Seagate Technology by 6.8% during the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after purchasing an additional 541,585 shares during the last quarter. Geode Capital Management LLC lifted its position in Seagate Technology by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock valued at $454,477,000 after purchasing an additional 318,416 shares during the period. Franklin Resources Inc. boosted its stake in shares of Seagate Technology by 29.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after purchasing an additional 405,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Seagate Technology by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,920 shares of the data storage provider’s stock worth $145,447,000 after buying an additional 73,267 shares during the period. 92.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Seagate Technology news, 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 transaction of $1,990,600.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred 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 directly owns 6,555 shares of the company’s stock, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,073 shares of company stock worth $5,106,149. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on STX. Wells Fargo & Company cut their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Evercore ISI raised their price target on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Susquehanna upped their price objective on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a report on Wednesday, January 22nd. Bank of America raised their target price on Seagate Technology from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, UBS Group upped their price target on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.56.

Seagate Technology Trading Down 0.9 %

Shares of STX opened at $99.38 on Thursday. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The firm has a fifty day simple moving average of $95.20 and a 200 day simple moving average of $100.27. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 18.17 and a beta of 1.06.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

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.