APG Asset Management N.V. Purchases 115,309 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

APG Asset Management N.V. raised its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 1,088.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,900 shares of the data storage provider's stock after buying an additional 115,309 shares during the period. APG Asset Management N.V. owned about 0.06% of Seagate Technology worth $10,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Seagate Technology by 9.5% during the fourth 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 acquiring an additional 4,229 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in Seagate Technology by 87.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider's stock valued at $740,000 after buying an additional 4,014 shares during the period. Norges Bank acquired a new position in Seagate Technology during the 4th quarter worth approximately $25,729,000. Asset Management One Co. Ltd. increased its position in shares of Seagate Technology by 9.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider's stock worth $7,360,000 after acquiring an additional 7,599 shares during the last quarter. Finally, Rheos Capital Works Inc. lifted its position in shares of Seagate Technology by 2.5% during the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider's stock worth $28,612,000 after purchasing an additional 8,000 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling

In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the completion of the transaction, the chief executive officer now owns 555,677 shares of the company's stock, valued at $46,988,047.12. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

STX has been the subject of several recent research reports. Rosenblatt Securities increased their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Susquehanna boosted their price target on Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research note on Wednesday, January 22nd. Citigroup reduced their price objective on Seagate Technology from $115.00 to $90.00 and set a "buy" rating on the stock in a report on Monday. Cantor Fitzgerald reiterated a "neutral" rating and issued a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, UBS Group upped their price objective on Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of "Moderate Buy" and an average price target of $118.78.

Seagate Technology Trading Up 3.6 %

Shares of NASDAQ:STX traded up $2.52 on Monday, hitting $72.67. The company had a trading volume of 3,436,296 shares, compared to its average volume of 2,771,099. The company has a market cap of $15.38 billion, a PE ratio of 13.29 and a beta of 1.21. The business has a 50 day moving average of $89.19 and a 200 day moving average of $95.75. Seagate Technology Holdings plc has a 52-week low of $63.19 and a 52-week high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a $0.72 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.96%. 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.