SG Americas Securities LLC Sells 32,003 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

SG Americas Securities LLC lowered its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 86.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,202 shares of the data storage provider's stock after selling 32,003 shares during the quarter. SG Americas Securities LLC's holdings in Seagate Technology were worth $449,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in Seagate Technology by 11.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 34,310 shares of the data storage provider's stock valued at $2,986,000 after acquiring an additional 3,576 shares during the period. Perpetual Ltd increased its position in shares of Seagate Technology by 54.8% during the fourth quarter. Perpetual Ltd now owns 6,504 shares of the data storage provider's stock valued at $561,000 after purchasing an additional 2,303 shares during the period. ARS Investment Partners LLC acquired a new position in shares of Seagate Technology in the fourth quarter valued at $6,445,000. Crossmark Global Holdings Inc. raised its stake in shares of Seagate Technology by 3.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,122 shares of the data storage provider's stock valued at $960,000 after purchasing an additional 388 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Seagate Technology by 46.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,266 shares of the data storage provider's stock worth $109,000 after purchasing an additional 404 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STX shares. Wedbush reiterated an "outperform" rating and issued a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Wells Fargo & Company dropped their price objective on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Northland Securities restated an "outperform" rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Barclays upped their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 22nd. Finally, Mizuho reduced their price target on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.56.

Seagate Technology Price Performance

NASDAQ:STX opened at $96.36 on Monday. The business's 50-day simple moving average is $95.10 and its 200-day simple moving average is $100.08. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The stock has a market capitalization of $20.40 billion, a PE ratio of 17.62 and a beta of 1.06.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.

Insider Buying and Selling at Seagate Technology

In related news, SVP Kian Fatt Chong sold 9,182 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $105.50, for a total transaction of $968,701.00. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares of the company's stock, valued at approximately $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,073 shares of company stock valued at $3,115,549 in the last 90 days. 0.81% of the stock is currently owned by company insiders.

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.

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