Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by KBC Group NV

KBC Group NV boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 150.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,290 shares of the data storage provider's stock after purchasing an additional 42,182 shares during the quarter. KBC Group NV's holdings in Seagate Technology were worth $6,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in Seagate Technology in the 3rd quarter valued at $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Seagate Technology by 341.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider's stock valued at $143,370,000 after buying an additional 1,012,638 shares during the period. State Street Corp increased its stake in Seagate Technology by 6.8% in the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock valued at $937,081,000 after buying an additional 541,585 shares during the period. Franklin Resources Inc. increased its stake in Seagate Technology by 29.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider's stock valued at $197,844,000 after buying an additional 405,232 shares during the period. Finally, Geode Capital Management LLC increased its stake in Seagate Technology by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider's stock valued at $454,477,000 after buying an additional 318,416 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Wall Street Analyst Weigh In

STX has been the topic of several recent research reports. Benchmark raised 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 note on Wednesday, January 22nd. StockNews.com raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Monday, January 27th. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Susquehanna upped 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. Finally, UBS Group upped their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $122.56.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the completion of the sale, the chief executive officer now owns 622,497 shares of the company's stock, valued at approximately $64,011,366.51. This represents a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the sale, the director now directly owns 6,555 shares of the company's stock, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,073 shares of company stock worth $3,115,549 in the last three months. Company insiders own 0.81% of the company's stock.

Seagate Technology Stock Down 3.0 %

Shares of STX stock traded down $2.88 during trading hours on Monday, hitting $93.48. 3,417,599 shares of the company were exchanged, compared to its average volume of 3,679,495. The firm has a market cap of $19.79 billion, a PE ratio of 17.09 and a beta of 1.07. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The firm has a fifty day moving average of $95.10 and a 200 day moving average of $100.08.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.08%. Seagate Technology's payout ratio is currently 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.