New York State Teachers Retirement System Buys 7,824 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

New York State Teachers Retirement System increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 183,063 shares of the data storage provider's stock after acquiring an additional 7,824 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Seagate Technology worth $15,800,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of STX. Sanders Capital LLC raised its position in shares of Seagate Technology by 0.9% in the 3rd quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider's stock valued at $1,792,742,000 after purchasing an additional 150,115 shares in the last quarter. State Street Corp raised its stake in shares of 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 purchasing an additional 541,585 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Seagate Technology by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider's stock worth $454,477,000 after purchasing an additional 318,416 shares during the last quarter. Franklin Resources Inc. grew its stake in Seagate Technology by 29.5% in the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider's stock worth $197,844,000 after purchasing an additional 405,232 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Seagate Technology by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,920 shares of the data storage provider's stock worth $145,447,000 after buying an additional 73,267 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Activity at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the transaction, the director now owns 6,555 shares of the company's stock, valued at approximately $667,430.10. This represents a 10.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total value 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 trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

STX has been the topic of several research reports. Evercore ISI upped their price target on Seagate Technology from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lowered their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Morgan Stanley decreased their target price on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Northland Securities reaffirmed an "outperform" rating and issued a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Citigroup increased their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.56.

Seagate Technology Stock Performance

Shares of NASDAQ:STX traded down $0.36 during midday trading on Thursday, hitting $102.64. 1,479,151 shares of the stock were exchanged, compared to its average volume of 3,199,786. The company has a market capitalization of $21.73 billion, a PE ratio of 18.76 and a beta of 1.07. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The business's fifty day simple moving average is $94.82 and its two-hundred day simple moving average is $99.72.

Seagate Technology Announces Dividend

The company also recently declared 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 of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.81%. Seagate Technology's dividend payout ratio is 52.65%.

Seagate Technology 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.