Asset Management One Co. Ltd. Purchases 7,599 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Asset Management One Co. Ltd. grew its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,222 shares of the data storage provider's stock after buying an additional 7,599 shares during the period. Asset Management One Co. Ltd.'s holdings in Seagate Technology were worth $7,360,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC raised its stake in shares of Seagate Technology by 4,214.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,157 shares of the data storage provider's stock worth $236,000 after acquiring an additional 2,107 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Seagate Technology by 47.9% during the third quarter. Blue Trust Inc. now owns 2,385 shares of the data storage provider's stock valued at $246,000 after acquiring an additional 772 shares in the last quarter. Capital Investment Advisors LLC purchased a new stake in shares of Seagate Technology in the 3rd quarter worth about $205,000. Raymond James & Associates lifted its holdings in Seagate Technology by 2.4% in the third quarter. Raymond James & Associates now owns 227,667 shares of the data storage provider's stock worth $24,936,000 after buying an additional 5,385 shares during the period. Finally, Vest Financial LLC boosted its position in shares of Seagate Technology by 41.1% during the third quarter. Vest Financial LLC now owns 3,712 shares of the data storage provider's stock valued at $407,000 after purchasing an additional 1,082 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Northland Securities reiterated an "outperform" rating and issued a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $120.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. Summit Insights upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Bank of America raised their price target on shares of Seagate Technology from $124.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, Barclays upped their price objective on Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 22nd. One equities research 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, Seagate Technology presently has a consensus rating of "Moderate Buy" and an average target price of $122.56.

Seagate Technology Price Performance

Shares of NASDAQ:STX traded down $1.79 during trading on Friday, hitting $100.85. The company's stock had a trading volume of 2,484,241 shares, compared to its average volume of 3,178,739. The firm has a market cap of $21.35 billion, a price-to-earnings ratio of 18.44 and a beta of 1.07. The company has a 50-day moving average of $95.02 and a 200-day moving average of $99.80. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's payout ratio is 52.65%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the company'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 transaction, the director now directly owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the completion of the sale, the chief executive officer now directly owns 622,497 shares of the company's stock, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,891 shares of company stock worth $2,146,848 in the last three months. Corporate insiders own 0.81% of the company's stock.

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.