Legal & General Group Plc reduced its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,437,883 shares of the data storage provider's stock after selling 567,961 shares during the quarter. Legal & General Group Plc owned 0.68% of Seagate Technology worth $124,104,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JFS Wealth Advisors LLC increased its position in Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after buying an additional 113 shares in the last quarter. Human Investing LLC bought a new stake in Seagate Technology during the 4th quarter worth approximately $48,000. Mizuho Bank Ltd. lifted its holdings in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Seagate Technology in the third quarter worth approximately $54,000. Finally, S.A. Mason LLC purchased a new stake in shares of Seagate Technology in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 92.87% of the company's stock.
Insider Transactions at Seagate Technology
In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the transaction, the chief executive officer now owns 555,677 shares of the company's stock, valued at approximately $46,988,047.12. This represents a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.81% of the company's stock.
Seagate Technology Price Performance
Shares of STX traded up $2.52 during mid-day trading on Monday, reaching $72.67. 3,436,296 shares of the company's stock traded hands, compared to its average volume of 2,771,095. Seagate Technology Holdings plc has a 12 month low of $63.19 and a 12 month high of $115.32. The stock has a market cap of $15.38 billion, a P/E ratio of 13.29 and a beta of 1.21. The stock's 50-day moving average is $89.19 and its two-hundred day moving average is $95.75.
Seagate Technology Dividend Announcement
The business 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 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology's dividend payout ratio is currently 52.65%.
Analyst Ratings Changes
STX has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $120.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. UBS Group increased their target price on Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Barclays boosted their price target on Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 22nd. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, Citigroup lowered their target price on shares of Seagate Technology from $115.00 to $90.00 and set a "buy" rating on the stock in a report on Monday. 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 company's stock. According to MarketBeat.com, Seagate Technology presently has an average rating of "Moderate Buy" and an average price target of $118.78.
Get Our Latest Stock Analysis on STX
Seagate Technology Profile
(
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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