Keystone Financial Group lifted its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 349.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,773 shares of the data storage provider's stock after buying an additional 43,374 shares during the period. Keystone Financial Group's holdings in Seagate Technology were worth $4,814,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Sanders Capital LLC raised its position in Seagate Technology by 1.0% during the fourth quarter. Sanders Capital LLC now owns 16,530,152 shares of the data storage provider's stock valued at $1,426,717,000 after buying an additional 162,561 shares during the period. Advisors Capital Management LLC grew its position in Seagate Technology by 0.7% during the fourth quarter. Advisors Capital Management LLC now owns 312,372 shares of the data storage provider's stock valued at $26,961,000 after purchasing an additional 2,269 shares in the last quarter. Townsquare Capital LLC lifted its position in Seagate Technology by 5.7% in the 4th quarter. Townsquare Capital LLC now owns 4,743 shares of the data storage provider's stock worth $409,000 after buying an additional 257 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Seagate Technology by 2.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,583 shares of the data storage provider's stock valued at $1,000,000 after acquiring an additional 269 shares in the last quarter. Finally, Heritage Trust Co acquired a new position in shares of Seagate Technology in the fourth quarter worth $319,000. 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 dated 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 $46,988,047.12. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.81% of the company's stock.
Seagate Technology Trading Up 4.1 %
Shares of Seagate Technology stock traded up $2.98 during trading on Friday, reaching $75.80. The company's stock had a trading volume of 4,588,360 shares, compared to its average volume of 2,789,785. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32. The stock has a 50-day moving average price of $87.34 and a two-hundred day moving average price of $94.95. The stock has a market capitalization of $16.05 billion, a P/E ratio of 13.86 and a beta of 1.21.
Seagate Technology Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Wednesday, March 19th. Seagate Technology's dividend payout ratio is currently 52.65%.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Bank of America dropped 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. Wells Fargo & Company cut their price target on shares of Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Cantor Fitzgerald restated a "neutral" rating and set a $120.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. Citigroup reduced their target price on Seagate Technology from $115.00 to $90.00 and set a "buy" rating for the company in a report on Monday. Finally, Morgan Stanley reduced their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $118.78.
Read Our Latest Research Report on STX
Seagate Technology Company 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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