Alliancebernstein L.P. Sells 10,015 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Alliancebernstein L.P. lowered its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 226,208 shares of the data storage provider's stock after selling 10,015 shares during the quarter. Alliancebernstein L.P. owned about 0.11% of Seagate Technology worth $19,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Seagate Technology by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider's stock valued at $2,414,446,000 after purchasing an additional 1,814,821 shares during the period. Geode Capital Management LLC grew its holdings in shares of Seagate Technology by 8.3% in 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 buying an additional 318,416 shares during the period. Franklin Resources Inc. grew its holdings 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 buying an additional 405,232 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Seagate Technology by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider's stock valued at $117,632,000 after buying an additional 34,979 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in Seagate Technology by 2.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,007,679 shares of the data storage provider's stock worth $86,973,000 after buying an additional 24,773 shares during the period. 92.87% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

STX has been the subject of several recent analyst reports. Citigroup lowered their price target on Seagate Technology from $125.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Barclays lifted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd. Mizuho lowered their price objective on shares of Seagate Technology from $115.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Wedbush restated an "outperform" rating and set a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $120.17.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the sale, the chief executive officer now owns 555,677 shares of the company's stock, valued at $46,988,047.12. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by company insiders.

Seagate Technology Trading Up 0.6 %

Shares of NASDAQ:STX traded up $0.41 during trading on Friday, hitting $70.15. 3,878,543 shares of the company were exchanged, compared to its average volume of 2,767,484. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 12.82 and a beta of 1.21. Seagate Technology Holdings plc has a fifty-two week low of $63.19 and a fifty-two week high of $115.32. The firm has a fifty day moving average price of $89.19 and a two-hundred day moving average price of $95.86.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is presently 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.