Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Rheos Capital Works Inc.

Rheos Capital Works Inc. raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 331,500 shares of the data storage provider's stock after acquiring an additional 8,000 shares during the period. Seagate Technology makes up about 1.6% of Rheos Capital Works Inc.'s portfolio, making the stock its 14th biggest position. Rheos Capital Works Inc. owned about 0.16% of Seagate Technology worth $28,612,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Seagate Technology in the third quarter valued at approximately $26,000. Quarry LP purchased a new position in shares of Seagate Technology during the 2nd quarter valued at approximately $27,000. Advisors Asset Management Inc. lifted its stake in shares of Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock valued at $44,000 after purchasing an additional 258 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Seagate Technology by 232.5% during the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider's stock worth $46,000 after buying an additional 293 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Seagate Technology during the third quarter valued at $53,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Evercore ISI increased their target price on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Rosenblatt Securities increased their price target on Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Citigroup boosted their price objective on Seagate Technology from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company decreased their target price on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Finally, Susquehanna boosted their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $122.56.

Seagate Technology Trading Down 2.0 %

Shares of STX opened at $96.36 on Monday. The company's 50-day moving average price is $95.10 and its 200 day moving average price is $100.08. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The firm has a market cap of $20.40 billion, a P/E ratio of 17.62 and a beta of 1.07.

Seagate Technology Announces Dividend

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

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 622,497 shares of the company's stock, valued at $64,011,366.51. This represents a 3.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the transaction, the director now directly owns 6,555 shares of the company's stock, valued at $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,073 shares of company stock worth $3,115,549. Insiders own 0.81% of the company's stock.

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.

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