Shaker Investments LLC OH Buys Shares of 21,788 Seagate Technology Holdings plc (NASDAQ:STX)

Shaker Investments LLC OH acquired a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,788 shares of the data storage provider's stock, valued at approximately $1,881,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in Seagate Technology during the 3rd quarter worth approximately $26,000. Advisors Asset Management Inc. boosted its holdings in Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after purchasing an additional 258 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Seagate Technology by 232.5% during the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider's stock worth $46,000 after purchasing an additional 293 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Seagate Technology in the third quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Seagate Technology in the 3rd quarter valued at $54,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Shares of NASDAQ STX traded down $0.70 during trading hours on Friday, reaching $100.78. 1,166,414 shares of the stock were exchanged, compared to its average volume of 3,297,268. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 18.43 and a beta of 1.07. The stock's fifty day simple moving average is $94.44 and its 200 day simple moving average is $99.63. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.86%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's payout ratio is 52.65%.

Insider Transactions at Seagate Technology

In other news, 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 transaction of $76,365.00. Following the transaction, the director now directly owns 6,555 shares of the company's stock, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total value of $2,056,600.00. Following the completion of the sale, the chief executive officer now owns 622,497 shares of the company's stock, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on STX. Wedbush restated an "outperform" rating and issued a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. StockNews.com upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, February 5th. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Mizuho decreased their target price on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, Rosenblatt Securities boosted their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus target price of $122.56.

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.