Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 14.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 718 shares of the data storage provider’s stock after selling 117 shares during the quarter. Sentry Investment Management LLC’s holdings in Seagate Technology were worth $62,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of STX. Ashton Thomas Securities LLC acquired a new position in shares of Seagate Technology in the 3rd quarter valued at $26,000. Advisors Asset Management Inc. raised its position in shares of Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after buying an additional 258 shares during the period. JFS Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 293 shares during the last quarter. Human Investing LLC purchased a new stake in Seagate Technology during the fourth quarter valued at about $48,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Seagate Technology during the third quarter worth about $53,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Trading Up 0.4 %

Seagate Technology stock opened at $100.67 on Friday. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The stock has a market cap 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 of $95.39 and a 200-day moving average of $99.95.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.86%. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Monday, December 2nd. The stock was 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 owns 622,497 shares in the company, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 6,555 shares in the company, valued at approximately $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 sold a total of 20,891 shares of company stock valued at $2,146,848 in the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group reduced their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Wednesday, January 22nd. Citigroup raised their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Susquehanna upped their price target 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. 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. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

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.