Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,209 shares of the data storage provider's stock after selling 12,243 shares during the quarter. National Bank of Canada FI owned about 0.05% of Seagate Technology worth $9,857,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of STX. Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology during the third quarter valued at approximately $54,000. JFS Wealth Advisors LLC increased its holdings 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 valued at $46,000 after purchasing an additional 113 shares in the last quarter. Quarry LP lifted its stake in shares of Seagate Technology by 108.4% in the 3rd quarter. Quarry LP now owns 546 shares of the data storage provider's stock valued at $60,000 after purchasing an additional 284 shares during the period. Human Investing LLC acquired a new position in shares of Seagate Technology in the 4th quarter valued at $48,000. Finally, S.A. Mason LLC purchased a new stake in Seagate Technology during the fourth quarter worth $55,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company's 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 directly owns 555,677 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

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Seagate Technology Stock Performance

Shares of NASDAQ STX traded down $4.04 during trading on Thursday, hitting $70.25. 1,395,861 shares of the company were exchanged, compared to its average volume of 2,745,793. Seagate Technology Holdings plc has a 12-month low of $63.19 and a 12-month high of $115.32. The firm has a market capitalization of $14.87 billion, a PE ratio of 12.90 and a beta of 1.21. The company has a fifty day moving average price of $90.15 and a 200-day moving average price of $96.38.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Wednesday, March 19th. Seagate Technology's payout ratio is presently 52.65%.

Analyst Ratings Changes

Several research firms have recently issued reports on STX. Wells Fargo & Company lowered their target price on shares of Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Citigroup lowered their price target on Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Rosenblatt Securities boosted their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Bank of America decreased their target price 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. 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 research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Seagate Technology presently has an average rating of "Moderate Buy" and an average target price of $120.17.

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.