Robeco Institutional Asset Management B.V. Has $12.07 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Robeco Institutional Asset Management B.V. decreased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,853 shares of the data storage provider's stock after selling 14,269 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of Seagate Technology worth $12,071,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in Seagate Technology by 33.7% in the 2nd quarter. Sei Investments Co. now owns 14,484 shares of the data storage provider's stock worth $1,496,000 after purchasing an additional 3,647 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Seagate Technology by 26.1% during the second quarter. Thrivent Financial for Lutherans now owns 10,475 shares of the data storage provider's stock worth $1,081,000 after acquiring an additional 2,165 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Seagate Technology by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 121,128 shares of the data storage provider's stock valued at $12,509,000 after acquiring an additional 4,232 shares during the period. Creative Planning grew its position in shares of Seagate Technology by 6.3% during the 2nd quarter. Creative Planning now owns 47,713 shares of the data storage provider's stock worth $4,927,000 after buying an additional 2,846 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Seagate Technology by 5.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,903 shares of the data storage provider's stock worth $919,000 after acquiring an additional 433 shares during the period. Institutional investors own 92.87% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on STX shares. Wedbush reaffirmed an "outperform" rating and issued a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Monday, January 27th. Rosenblatt Securities raised their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Susquehanna increased their target price on Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a report on Wednesday, January 22nd. Finally, Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.56.

Seagate Technology Price Performance

Seagate Technology stock traded down $1.92 during trading hours on Friday, hitting $96.36. The company had a trading volume of 2,799,188 shares, compared to its average volume of 3,372,411. The firm has a 50-day moving average of $95.10 and a 200 day moving average of $100.11. The firm has a market cap of $20.40 billion, a PE ratio of 17.62 and a beta of 1.06. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology Dividend Announcement

The company also recently announced 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. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology's dividend payout ratio is currently 52.65%.

Insider Activity

In related news, Director Yolanda Lee Conyers sold 750 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares of the company's stock, valued at $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kian Fatt Chong sold 9,182 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $105.50, for a total transaction of $968,701.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,073 shares of company stock valued at $3,115,549. 0.81% of the stock is owned by company insiders.

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.