Allstate Corp purchased a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,228 shares of the data storage provider's stock, valued at approximately $538,000.
A number of other hedge funds and other institutional investors have also modified their holdings of STX. Vanguard Group Inc. boosted its holdings in shares of Seagate Technology by 6.9% in the 4th 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 last quarter. Point72 Asset Management L.P. purchased a new position in shares of Seagate Technology in the 3rd quarter worth $133,031,000. State Street Corp boosted its holdings in Seagate Technology by 6.8% in the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock valued at $937,081,000 after acquiring an additional 541,585 shares during the last quarter. National Pension Service purchased a new stake in Seagate Technology during the fourth quarter valued at about $43,436,000. Finally, Los Angeles Capital Management LLC increased its stake in Seagate Technology by 176.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider's stock worth $64,007,000 after acquiring an additional 473,484 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
Seagate Technology Price Performance
NASDAQ:STX traded down $13.99 during mid-day trading on Thursday, reaching $71.53. The stock had a trading volume of 12,914,598 shares, compared to its average volume of 2,663,400. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 13.08 and a beta of 1.01. Seagate Technology Holdings plc has a 1-year low of $71.02 and a 1-year high of $115.32. The stock's 50 day simple moving average is $94.67 and its two-hundred day simple moving average is $97.96.
Seagate Technology Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a $0.72 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.03%. Seagate Technology's dividend payout ratio (DPR) is 52.65%.
Insider Activity at Seagate Technology
In related news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were 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 represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.
Analyst Ratings Changes
STX has been the topic of a number of recent research reports. Susquehanna lifted their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research report on Wednesday, January 22nd. UBS Group lifted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Northland Securities reiterated an "outperform" rating and issued a $160.00 price target (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Cantor Fitzgerald restated a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered their target price on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.00.
Check Out Our Latest Stock Analysis on Seagate Technology
About Seagate Technology
(
Free Report)
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.
Recommended Stories
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
