KBC Group NV Raises Position in Seagate Technology Holdings plc (NASDAQ:STX)

KBC Group NV boosted its position in Seagate Technology Holdings plc (NASDAQ:STX) by 150.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,290 shares of the data storage provider’s stock after purchasing an additional 42,182 shares during the period. KBC Group NV’s holdings in Seagate Technology were worth $6,066,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Seagate Technology during the 3rd quarter worth $26,000. Quarry LP bought a new position in Seagate Technology during the second quarter worth about $27,000. Advisors Asset Management Inc. increased its stake in shares of Seagate Technology by 177.9% in 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 in the last quarter. JFS Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 293 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Seagate Technology during the 3rd quarter valued at approximately $53,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Performance

STX stock opened at $98.28 on Friday. The firm has a market cap of $20.79 billion, a P/E ratio of 17.97 and a beta of 1.06. The firm’s fifty day moving average is $95.17 and its 200 day moving average is $100.26. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.93%. Seagate Technology’s dividend payout ratio is currently 52.65%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STX shares. Citigroup boosted their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley dropped their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Evercore ISI raised their price objective on shares of Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.56.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the 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 sale, the chief executive officer now owns 622,497 shares of the company’s stock, valued at $64,011,366.51. This represents a 3.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kian Fatt Chong sold 9,182 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $105.50, for a total transaction of $968,701.00. The disclosure for this sale can be found here. Insiders sold 30,073 shares of company stock worth $3,115,549 in the last ninety days. 0.81% of the stock is owned by company insiders.

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.