HB Wealth Management LLC, a registered investment advisor, has recently reported to the Securities and Exchange Commission an increase of 18.0% in its holdings in Seagate Technology Holdings plc during the 1st quarter. The firm now possesses 2,799 shares of the data storage provider’s stock after acquiring an additional 427 shares during this period. Following their most recent filing with the Securities and Exchange Commission, the value of HB Wealth Management LLC’s holdings in Seagate Technology has reached approximately $260,000.
This observed trend of increased stock holdings has also been noted in other hedge funds. Institutions such as Farmers & Merchants Trust Co of Chambersburg PA, CVA Family Office LLC, Turtle Creek Wealth Advisors LLC, Northwest Financial Advisors, and Valley National Advisers Inc. have recently acquired shares of Seagate Technology. In total, hedge funds and other institutional investors now own 92.87% of the company’s stock.
Seagate Technology’s stock has demonstrated an upward trajectory, as evidenced by the company’s shares opening at $102.04 on Friday, reflecting a 0.7% increase. This indicates a positive trend in the performance of Seagate Technology in the stock market.
Furthermore, the company has declared a quarterly dividend, which was paid on July 5th. Shareholders of record on June 20th received the dividend. The annualized dividend represents a dividend yield of 2.74%, offering potential returns to its shareholders.
Regarding insider transactions, Senior Vice President John Christopher Morris and Executive Vice President Ban Seng Teh have recently divested a significant number of shares, as disclosed in documents filed with the SEC, demonstrating confidence in the market performance of Seagate Technology.
Wall Street analysts have provided commentary on Seagate Technology’s stock, with the majority assigning a “hold” rating to the company’s stock. Some analysts have given a “buy” or “neutral” rating, indicating a mixed sentiment for the future performance of Seagate Technology in the market.
As a prominent data storage technology and solutions provider, Seagate Technology Holdings plc continues to be a significant player in the industry. With its strong market presence and consistent performance, it remains an attractive option for investors seeking exposure to this sector.
For more information on the latest filings and insider trades for Seagate Technology Holdings plc, interested parties can visit HoldingsChannel.com to stay updated with the company’s latest developments. Additionally, individuals can register to receive a concise daily summary of the latest news and analysts’ ratings for Seagate Technology and related companies from MarketBeat.com’s FREE daily email newsletter. Investing in Seagate Technology remains a compelling option for those considering opportunities in the data storage technology sector.
References:
– Information on Seagate Technology – MarketBeat
– Insider Trading Activities – Securities & Exchange Commission
– Hedge Fund Holdings – HoldingsChannel.com