Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in Seagate Technology Holdings plc (NASDAQ:STX) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,116 shares of the data storage provider’s stock after selling 275 shares during the quarter. State of Alaska Department of Revenue’s holdings in Seagate Technology were worth $2,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in Seagate Technology by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock valued at $281,000 after purchasing an additional 89 shares during the period. Berkshire Bank lifted its position in Seagate Technology by 2.6% in the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after purchasing an additional 103 shares during the period. My Legacy Advisors LLC lifted its position in Seagate Technology by 3.9% in the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after purchasing an additional 118 shares during the period. Yousif Capital Management LLC lifted its position in Seagate Technology by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider’s stock valued at $2,382,000 after purchasing an additional 121 shares during the period. Finally, AdvisorNet Financial Inc lifted its position in Seagate Technology by 3.7% in the fourth quarter. AdvisorNet Financial Inc now owns 3,377 shares of the data storage provider’s stock valued at $291,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $97.80 on Tuesday. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The firm’s 50 day moving average price is $94.54 and its 200 day moving average price is $99.72. The firm has a market cap of $20.70 billion, a P/E ratio of 17.88 and a beta of 1.07.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.94%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on STX shares. Morgan Stanley reduced their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Susquehanna increased their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a report on Wednesday, January 22nd. Rosenblatt Securities increased their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. Finally, Evercore ISI increased their target price on shares of Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.56.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology 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 transaction, the director now owns 6,555 shares in the company, valued at $667,430.10. This trade represents a 10.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology 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 transaction, the chief executive officer now owns 622,497 shares in the company, valued at $64,011,366.51. The trade was a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,891 shares of company stock worth $2,146,848 in the last quarter. 0.81% of the stock is 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.