Greenland Capital Management LP Purchases 43,593 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Greenland Capital Management LP boosted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 142.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,204 shares of the data storage provider's stock after acquiring an additional 43,593 shares during the period. Seagate Technology accounts for 1.0% of Greenland Capital Management LP's investment portfolio, making the stock its 26th biggest holding. Greenland Capital Management LP's holdings in Seagate Technology were worth $6,405,000 at the end of the most recent reporting period.

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

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Seagate Technology Price Performance

Shares of STX stock traded up $0.41 on Friday, reaching $70.15. 3,878,543 shares of the stock were exchanged, compared to its average volume of 2,768,435. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32. The stock has a market cap of $14.85 billion, a PE ratio of 12.82 and a beta of 1.21. The stock has a 50 day moving average price of $89.19 and a 200 day moving average price of $95.75.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Mizuho reduced their price objective on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday. Susquehanna lifted their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald reissued a "neutral" rating and issued a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Morgan Stanley reduced their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Finally, Citigroup decreased their target price on shares of Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. 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 company's stock. According to data from MarketBeat.com, Seagate Technology currently has an average rating of "Moderate Buy" and an average price target of $120.17.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by corporate insiders.

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.