Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 12.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,678 shares of the data storage provider’s stock after selling 381 shares during the quarter. Blair William & Co. IL’s holdings in Seagate Technology were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in STX. JFS Wealth Advisors LLC lifted its holdings in shares of Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 113 shares during the last quarter. Human Investing LLC acquired a new stake in Seagate Technology in the fourth quarter worth approximately $48,000. Wilmington Savings Fund Society FSB bought a new position in Seagate Technology during the third quarter valued at about $54,000. S.A. Mason LLC bought a new position in shares of Seagate Technology during the 4th quarter valued at about $55,000. Finally, Quarry LP boosted its holdings in Seagate Technology by 108.4% during the third quarter. Quarry LP now owns 546 shares of the data storage provider’s stock worth $60,000 after buying an additional 284 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the sale, the chief executive officer now owns 555,677 shares of the company’s stock, valued at $46,988,047.12. This represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Seagate Technology Price Performance

Shares of STX stock opened at $66.73 on Friday. The stock has a fifty day moving average price of $93.10 and a 200 day moving average price of $97.51. Seagate Technology Holdings plc has a one year low of $63.95 and a one year high of $115.32. The stock has a market cap of $14.13 billion, a P/E ratio of 12.20 and a beta of 1.01.

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 paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology’s dividend payout ratio is 52.65%.

Analysts Set New Price Targets

A number of research firms recently weighed in on STX. Rosenblatt Securities increased their price target on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Citigroup lowered their target price on Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley reduced their target price 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. Finally, Bank of America reduced their price target on Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.00.

About Seagate Technology

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.