Seagate Technology Holdings plc (NASDAQ:STX - Get Free Report) CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value 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. This trade represents 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.
Seagate Technology Stock Up 2.9 %
Shares of NASDAQ STX traded up $1.93 during midday trading on Monday, reaching $68.66. 7,297,489 shares of the company's stock traded hands, compared to its average volume of 2,708,934. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 12.55 and a beta of 1.21. The stock's 50 day simple moving average is $92.40 and its 200-day simple moving average is $97.23. Seagate Technology Holdings plc has a one year low of $61.00 and a one year high of $115.32.
Seagate Technology Announces Dividend
The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 4.19%. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on STX. Benchmark upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research report on Wednesday, January 22nd. Wedbush reiterated an "outperform" rating and set a $150.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Bank of America reduced their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of "Moderate Buy" and an average target price of $121.00.
Check Out Our Latest Research Report on STX
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new stake in Seagate Technology in the fourth quarter worth about $26,000. Elequin Capital LP purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in Seagate Technology in the 4th quarter worth approximately $27,000. Wilmington Savings Fund Society FSB purchased a new stake in Seagate Technology during the 3rd quarter worth approximately $54,000. Finally, JFS Wealth Advisors LLC increased its stake in Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after purchasing an additional 113 shares in the last quarter. 92.87% of the stock is owned by institutional investors.
About Seagate Technology
(
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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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