Wedge Capital Management L L P NC Lowers Holdings in Seagate Technology Holdings PLC $STX

Wedge Capital Management L L P NC reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 34.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,860 shares of the data storage provider's stock after selling 166,884 shares during the quarter. Seagate Technology accounts for 1.3% of Wedge Capital Management L L P NC's portfolio, making the stock its 4th largest position. Wedge Capital Management L L P NC owned about 0.15% of Seagate Technology worth $75,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).Get Seagate Technology alerts:How These 2 Stocks Won 2025's AI Race—And What's In Store for 2026Several other institutional investors and hedge funds also recently made changes to their positions in STX. Harbor Asset Planning Inc. acquired a new stake in shares of Seagate Technology during the 2nd quarter worth about $27,000. Rakuten Securities Inc. boosted its position in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after buying an additional 168 shares in the last quarter. MTM Investment Management LLC bought a new stake in Seagate Technology during the second quarter worth about $29,000. GoalVest Advisory LLC increased its holdings in shares of Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider's stock worth $46,000 after buying an additional 75 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Seagate Technology during the second quarter worth approximately $57,000. Institutional investors and hedge funds own 92.87% of the company's stock. Seagate Technology Stock PerformanceNASDAQ STX opened at $296.36 on Friday. The stock has a market capitalization of $63.29 billion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $308.93. The stock has a fifty day moving average of $260.33 and a 200-day moving average of $200.42. Seagate Technology Increases DividendWestern Digital’s Nasdaq-100 Entry Caps Its AI-Driven ComebackThe company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a $0.74 dividend. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology's previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 1.0%. Seagate Technology's dividend payout ratio is 36.97%. Wall Street Analyst Weigh InSTX has been the topic of several recent analyst reports. Fox Advisors boosted their target price on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Sanford C. Bernstein boosted their price objective on Seagate Technology from $275.00 to $370.00 and gave the stock an "outperform" rating in a research note on Thursday, November 6th. Citigroup increased their target price on Seagate Technology from $275.00 to $320.00 and gave the stock a "buy" rating in a report on Tuesday, December 2nd. TD Cowen raised their target price on Seagate Technology from $270.00 to $340.00 and gave the company a "buy" rating in a research note on Tuesday, November 11th. Finally, The Goldman Sachs Group lifted their price target on Seagate Technology from $170.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $293.13.Seagate Stock Could Soar as AI Drives Storage DemandView Our Latest Research Report on STXInsider ActivityIn other Seagate Technology news, Director Stephanie Tilenius sold 2,046 shares of the company's stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $266.41, for a total transaction of $545,074.86. Following the transaction, the director directly owned 12,244 shares in the company, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred 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 sale, the director owned 5,601 shares of the company's stock, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 132,555 shares of company stock worth $36,030,007. Corporate insiders own 0.79% of the company's stock. About Seagate Technology (Free Report)Seagate Technology NASDAQ: STX is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm's product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions. Seagate's products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.Featured ArticlesFive stocks we like better than Seagate TechnologyREIT Stocks - Best REIT Stocks to Add to Your Portfolio TodayThese 3 Banks Are Rallying Into Year-End, But Will It Continue?How to Find Undervalued Stocks3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&P 500What to Know About Investing in Penny StocksThis ETF Caught a Major Tailwind After the Fed’s Rate CutThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Seagate Technology Right Now?Before you consider Seagate Technology, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seagate Technology wasn't on the list.While Seagate Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here