19,286 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Bought by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,286 shares of the data storage provider's stock, valued at approximately $1,665,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Berkshire Bank raised its position 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 last quarter. MWA Asset Management increased its stake in shares of Seagate Technology by 0.5% during the fourth 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 during the period. JFS Wealth Advisors LLC raised its holdings 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 acquiring an additional 113 shares in the last quarter. Signaturefd LLC lifted its stake in 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 acquiring an additional 113 shares during the period. Finally, My Legacy Advisors LLC boosted its holdings in Seagate Technology by 3.9% in the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider's stock valued at $294,000 after acquiring an additional 118 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the 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 owns 555,677 shares of the company's stock, valued at approximately $46,988,047.12. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by corporate insiders.

Seagate Technology Trading Down 6.7 %

STX stock traded down $4.80 during midday trading on Friday, hitting $66.73. The company's stock had a trading volume of 9,249,913 shares, compared to its average volume of 2,690,581. The company has a market cap of $14.13 billion, a PE ratio of 12.20 and a beta of 1.01. The firm's 50-day moving average is $93.10 and its 200-day moving average is $97.51. Seagate Technology Holdings plc has a 12 month low of $63.95 and a 12 month high of $115.32.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 4.32%. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.

Analysts Set New Price Targets

Several research firms have recently commented on STX. StockNews.com cut shares of Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Rosenblatt Securities raised their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Cantor Fitzgerald reiterated a "neutral" rating and set a $120.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. Citigroup dropped their price target 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. Finally, Wells Fargo & Company decreased their price objective on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. One investment 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. Based on data from MarketBeat, Seagate Technology has an average rating of "Moderate Buy" and an average price target of $121.00.

About Seagate Technology

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.