Seagate Technology Holdings plc (NASDAQ:STX) Stake Boosted by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,103 shares of the data storage provider’s stock after purchasing an additional 200 shares during the quarter. Private Advisor Group LLC’s holdings in Seagate Technology were worth $1,390,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Seagate Technology by 5.0% in the third quarter. Assenagon Asset Management S.A. now owns 8,780 shares of the data storage provider’s stock valued at $962,000 after purchasing an additional 417 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Seagate Technology by 7.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the data storage provider’s stock worth $1,292,000 after acquiring an additional 800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Seagate Technology by 42.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,623 shares of the data storage provider’s stock worth $1,590,000 after acquiring an additional 4,372 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Seagate Technology by 5.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,100 shares of the data storage provider’s stock worth $4,017,000 after acquiring an additional 1,912 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Seagate Technology by 14.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 24,391 shares of the data storage provider’s stock valued at $2,671,000 after acquiring an additional 3,155 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Up 0.4 %

Shares of Seagate Technology stock opened at $100.67 on Friday. 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 $21.31 billion, a P/E ratio of 18.40 and a beta of 1.07. The stock has a 50 day moving average price of $95.39 and a two-hundred day moving average price of $99.95.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.86%. Seagate Technology’s payout ratio is presently 52.65%.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total transaction 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 $64,011,366.51. This represents a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the sale, the director now owns 6,555 shares in the company, valued at $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 20,891 shares of company stock worth $2,146,848 in the last quarter. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Wednesday, January 22nd. Susquehanna increased their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. Northland Securities restated an “outperform” rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. UBS Group increased their price objective on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.56.

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.