4,169 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Acquired by Quarry Hill Advisors LLC

Quarry Hill Advisors LLC purchased a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,169 shares of the data storage provider's stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in Seagate Technology by 133.8% in the third quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider's stock worth $18,834,000 after purchasing an additional 98,418 shares in the last quarter. Versor Investments LP acquired a new stake in Seagate Technology in the 3rd quarter valued at approximately $2,146,000. Forte Capital LLC ADV raised its stake in shares of Seagate Technology by 29.8% during the third quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider's stock valued at $3,173,000 after purchasing an additional 6,653 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Seagate Technology by 3,549.7% during the third quarter. International Assets Investment Management LLC now owns 204,493 shares of the data storage provider's stock valued at $22,398,000 after acquiring an additional 198,890 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Seagate Technology by 9.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider's stock worth $4,215,000 after buying an additional 4,229 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 622,497 shares in the company, valued at approximately $64,011,366.51. This represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the sale, the director now directly owns 6,555 shares in the company, valued at approximately $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,891 shares of company stock valued at $2,146,848 over the last three months. Company insiders own 0.81% of the company's stock.

Seagate Technology Trading Up 1.4 %

NASDAQ STX traded up $1.38 during trading hours on Wednesday, reaching $99.21. 3,385,235 shares of the company's stock were exchanged, compared to its average volume of 3,401,049. The firm has a fifty day moving average of $94.44 and a 200-day moving average of $99.63. The stock has a market cap of $21.00 billion, a PE ratio of 18.14 and a beta of 1.07. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.90%. Seagate Technology's payout ratio is presently 52.65%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com raised Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Bank of America lifted their price target on Seagate Technology from $124.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Morgan Stanley lowered their target price on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Citigroup boosted their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Finally, Wedbush restated an "outperform" rating and set a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of "Moderate Buy" and an average price target of $122.56.

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.