Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Aviva PLC

Aviva PLC lessened its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 62.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 126,107 shares of the data storage provider's stock after selling 213,167 shares during the period. Aviva PLC owned 0.06% of Seagate Technology worth $10,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of STX. Wilmington Savings Fund Society FSB acquired a new position in shares of Seagate Technology in the 3rd quarter worth approximately $54,000. JFS Wealth Advisors LLC grew its stake in shares of Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after buying an additional 113 shares in the last quarter. Quarry LP raised its holdings in shares of Seagate Technology by 108.4% in the 3rd quarter. Quarry LP now owns 546 shares of the data storage provider's stock valued at $60,000 after buying an additional 284 shares during the period. Human Investing LLC purchased a new position in Seagate Technology during the 4th quarter valued at about $48,000. Finally, Mizuho Bank Ltd. increased its stake in Seagate Technology by 140.0% during the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Up 5.0 %

STX stock traded up $3.49 on Monday, reaching $73.64. 727,270 shares of the company's stock were exchanged, compared to its average volume of 2,760,754. The stock has a fifty day moving average of $89.19 and a 200-day moving average of $95.75. The firm has a market cap of $15.59 billion, a PE ratio of 13.46 and a beta of 1.21. Seagate Technology Holdings plc has a twelve month low of $63.19 and a twelve month high of $115.32.

Remove Ads

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology's payout ratio is currently 52.65%.

Insider Buying and Selling

In other 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 sale, the chief executive officer now owns 555,677 shares in the company, valued at $46,988,047.12. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America decreased their price target on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company cut their price target on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Morgan Stanley cut their target price on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Citigroup decreased 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. Finally, Benchmark raised Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a report on Wednesday, January 22nd. 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. According to data from MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus target price of $120.17.

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.