Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 37.8% during the 4th quarter, HoldingsChannel reports. The firm owned 37,449 shares of the data storage provider’s stock after selling 22,725 shares during the period. New York State Common Retirement Fund’s holdings in Seagate Technology were worth $3,232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Berkshire Bank boosted its position in shares of Seagate Technology by 2.6% during the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after acquiring an additional 103 shares during the last quarter. MWA Asset Management boosted its position in shares of Seagate Technology by 0.5% during the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after acquiring an additional 104 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 113 shares during the last quarter. My Legacy Advisors LLC boosted its position in shares of Seagate Technology by 3.9% during the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after acquiring an additional 118 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Seagate Technology by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider’s stock valued at $2,382,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

STX stock opened at $101.91 on Friday. The company’s 50 day moving average price is $95.65 and its 200 day moving average price is $99.96. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 18.63 and a beta of 1.07.

Seagate Technology Announces Dividend

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 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 2.83%. Seagate Technology’s payout ratio is 52.65%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on STX shares. Barclays boosted their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group reduced their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.56.

Insider Buying and Selling

In related news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 6,555 shares of the company’s stock, valued at $667,430.10. This represents a 10.27 % 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, CEO William D. Mosley sold 20,000 shares of the company’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 transaction, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at $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 ninety days, insiders have sold 20,891 shares of company stock worth $2,146,848. Company insiders own 0.81% of the company’s stock.

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.