Cerity Partners LLC decreased its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,284 shares of the data storage provider's stock after selling 4,510 shares during the quarter. Cerity Partners LLC's holdings in Seagate Technology were worth $2,885,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STX. Waterloo Capital L.P. lifted its holdings in Seagate Technology by 3.1% during the fourth quarter. Waterloo Capital L.P. now owns 35,409 shares of the data storage provider's stock worth $3,056,000 after acquiring an additional 1,061 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Seagate Technology in the fourth quarter valued at approximately $820,000. Mizuho Bank Ltd. lifted its stake in Seagate Technology by 140.0% in the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock valued at $52,000 after acquiring an additional 350 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Seagate Technology by 4.4% in the 4th quarter. Wells Fargo & Company MN now owns 996,394 shares of the data storage provider's stock valued at $85,999,000 after acquiring an additional 41,567 shares during the period. Finally, World Investment Advisors grew its holdings in Seagate Technology by 77.0% during the fourth quarter. World Investment Advisors now owns 3,510 shares of the data storage provider's stock worth $303,000 after purchasing an additional 1,527 shares during the period. Institutional investors own 92.87% of the company's stock.
Insiders Place Their Bets
In related news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $46,988,047.12. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.81% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on STX. Citigroup cut their price target on Seagate Technology from $115.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com downgraded shares of Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Benchmark upgraded Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a research note on Wednesday, January 22nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and a consensus price target of $118.78.
Check Out Our Latest Stock Report on Seagate Technology
Seagate Technology Price Performance
STX stock traded up $2.98 during trading on Friday, reaching $75.80. 4,588,360 shares of the company were exchanged, compared to its average volume of 2,793,698. Seagate Technology Holdings plc has a twelve month low of $63.19 and a twelve month high of $115.32. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 13.86 and a beta of 1.21. The company has a 50-day moving average of $86.90 and a two-hundred day moving average of $94.73.
Seagate Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is 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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