Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Fmr LLC

FMR LLC lessened its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 21.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,658,720 shares of the data storage provider's stock after selling 1,813,145 shares during the period. FMR LLC owned 3.15% of Seagate Technology worth $574,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of STX. Berkshire Bank raised its stake in Seagate Technology by 2.6% during the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock valued at $355,000 after purchasing an additional 103 shares during the period. MWA Asset Management grew its holdings in Seagate Technology by 0.5% during the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock valued at $1,695,000 after buying an additional 104 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Seagate Technology by 27.0% during 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 during the last quarter. Signaturefd LLC lifted its holdings in shares of Seagate Technology by 2.3% in the fourth quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider's stock worth $431,000 after buying an additional 113 shares in the last quarter. Finally, My Legacy Advisors LLC boosted its position in shares of Seagate Technology by 3.9% during the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider's stock worth $294,000 after acquiring an additional 118 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages have issued reports on STX. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Citigroup decreased their price objective on Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Northland Securities reaffirmed an "outperform" rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Finally, UBS Group upped their target price on Seagate Technology from $95.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus target price of $120.17.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated 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 approximately $46,988,047.12. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

Seagate Technology Trading Up 4.6 %

Shares of NASDAQ:STX traded up $3.24 on Monday, reaching $73.39. The company had a trading volume of 858,894 shares, compared to its average volume of 2,761,080. The firm has a market capitalization of $15.54 billion, a PE ratio of 13.42 and a beta of 1.21. Seagate Technology Holdings plc has a 52-week low of $63.19 and a 52-week high of $115.32. The firm's 50 day simple moving average is $89.19 and its 200-day simple moving average is $95.75.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Wednesday, March 19th. Seagate Technology's payout ratio is 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.