CenterBook Partners LP boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 78.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 53,028 shares of the data storage provider's stock after buying an additional 23,333 shares during the period. CenterBook Partners LP's holdings in Seagate Technology were worth $4,577,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its stake in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after acquiring an additional 113 shares during the last quarter. Human Investing LLC bought a new stake in shares of Seagate Technology during the fourth quarter worth $48,000. Mizuho Bank Ltd. boosted its stake in shares of Seagate Technology by 140.0% during the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock valued at $52,000 after purchasing an additional 350 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology in the 3rd quarter worth about $54,000. Finally, S.A. Mason LLC bought a new stake in Seagate Technology during the 4th quarter valued at about $55,000. 92.87% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Seagate Technology
In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total value of $1,691,200.00. Following the transaction, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Rosenblatt Securities raised their price objective on Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Bank of America dropped their price target on Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Benchmark upgraded Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a report on Wednesday, January 22nd. Finally, Northland Securities reiterated an "outperform" rating and set a $160.00 target price (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.17.
Check Out Our Latest Research Report on Seagate Technology
Seagate Technology Price Performance
NASDAQ:STX traded up $2.52 during midday trading on Monday, hitting $72.67. The company's stock had a trading volume of 3,435,666 shares, compared to its average volume of 2,771,095. The firm's 50 day moving average is $89.19 and its 200-day moving average is $95.75. Seagate Technology Holdings plc has a fifty-two week low of $63.19 and a fifty-two week high of $115.32. The firm has a market cap of $15.38 billion, a P/E ratio of 13.29 and a beta of 1.21.
Seagate Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology's payout ratio is currently 52.65%.
Seagate Technology Company Profile
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Free Report)
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.
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