Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,222 shares of the data storage provider’s stock after acquiring an additional 7,599 shares during the period. Asset Management One Co. Ltd.’s holdings in Seagate Technology were worth $7,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in shares of Seagate Technology during the 3rd quarter worth about $26,000. Advisors Asset Management Inc. raised its holdings in Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after buying an additional 258 shares during the period. JFS Wealth Advisors LLC raised its holdings in Seagate Technology by 232.5% in the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after buying an additional 293 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Seagate Technology in the third quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology in the third quarter valued at approximately $54,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Down 0.0 %

Shares of Seagate Technology stock opened at $101.47 on Tuesday. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The stock has a market capitalization of $21.48 billion, a P/E ratio of 18.55 and a beta of 1.07. The stock has a 50 day moving average price of $94.62 and a two-hundred day moving average price of $99.64.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.84%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on STX shares. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group lowered their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. UBS Group raised their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities raised their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Mizuho decreased their price target on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.56.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total value of $2,056,600.00. Following the completion of the transaction, the chief executive officer now directly owns 622,497 shares in the company, valued at approximately $64,011,366.51. This represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction 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 $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,891 shares of company stock worth $2,146,848 over the last three months. 0.81% of the stock is currently owned by insiders.

Seagate Technology 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.