DnB Asset Management AS lifted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,452 shares of the data storage provider's stock after acquiring an additional 4,981 shares during the quarter. DnB Asset Management AS's holdings in Seagate Technology were worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC raised its position in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after acquiring an additional 113 shares in the last quarter. Human Investing LLC acquired a new stake in Seagate Technology during the 4th quarter worth approximately $48,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Seagate Technology during the third quarter worth $54,000. S.A. Mason LLC purchased a new stake in shares of Seagate Technology in the fourth quarter valued at about $55,000. Finally, Quarry LP increased its position in Seagate Technology by 108.4% during the 3rd quarter. Quarry LP now owns 546 shares of the data storage provider's stock worth $60,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.
Insider Buying and Selling
In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total value of $1,691,200.00. Following the transaction, the chief executive officer now directly owns 555,677 shares of the company's stock, valued at $46,988,047.12. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.81% of the company's stock.
Seagate Technology Stock Performance
Seagate Technology stock traded down $13.99 during trading on Thursday, hitting $71.53. The company's stock had a trading volume of 12,914,444 shares, compared to its average volume of 2,663,085. The stock's fifty day moving average is $94.67 and its 200 day moving average is $97.96. Seagate Technology Holdings plc has a 1-year low of $71.02 and a 1-year high of $115.32. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 13.08 and a beta of 1.01.
Seagate Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.72 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 4.03%. Seagate Technology's payout ratio is currently 52.65%.
Analysts Set New Price Targets
A number of research firms have commented on STX. Citigroup reduced their target price on Seagate Technology from $125.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Benchmark upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a research report on Wednesday, January 22nd. Mizuho reduced their price objective on Seagate Technology from $130.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Wells Fargo & Company lowered their target price 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. Finally, The Goldman Sachs Group cut their price target on Seagate Technology from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.
Check Out Our Latest Stock Report on Seagate Technology
Seagate Technology Profile
(
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.
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