Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. trimmed its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,631 shares of the data storage provider's stock after selling 5,800 shares during the quarter. Patton Fund Management Inc.'s holdings in Seagate Technology were worth $3,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in Seagate Technology in the 3rd quarter worth about $26,000. Quarry LP acquired a new stake in shares of Seagate Technology in the second quarter worth approximately $27,000. Advisors Asset Management Inc. increased its position in shares of Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider's stock valued at $46,000 after purchasing an additional 293 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Seagate Technology in the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 92.87% of the company's stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, SVP Kian Fatt Chong sold 9,182 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $105.50, for a total value of $968,701.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 622,497 shares in the company, valued at $64,011,366.51. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,073 shares of company stock valued at $3,115,549 in the last three months. 0.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on STX shares. Wells Fargo & Company dropped their target price on shares of Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. StockNews.com raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Monday, January 27th. Cantor Fitzgerald reissued a "neutral" rating and issued a $120.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Citigroup upped their price target on Seagate Technology from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities increased their price target on Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. One 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.56.

Seagate Technology Stock Down 2.0 %

NASDAQ:STX traded down $1.92 during trading hours on Friday, reaching $96.36. 2,799,188 shares of the stock were exchanged, compared to its average volume of 3,372,411. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The business has a 50-day moving average of $95.10 and a two-hundred day moving average of $100.11. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 17.62 and a beta of 1.06.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.99%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's dividend payout ratio is currently 52.65%.

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.