KBC Group NV Has $6.07 Million Stake in Seagate Technology Holdings plc (NASDAQ:STX)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in STX. Sequoia Financial Advisors LLC raised its stake in Seagate Technology by 3.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock worth $281,000 after acquiring an additional 89 shares in the last quarter. Affinity Capital Advisors LLC increased its position in Seagate Technology by 1.5% during the 3rd quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider’s stock worth $725,000 after purchasing an additional 100 shares in the last quarter. My Legacy Advisors LLC lifted its stake in Seagate Technology by 3.9% in the 4th 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 last quarter. AdvisorNet Financial Inc grew its stake in shares of Seagate Technology by 3.7% during the fourth quarter. AdvisorNet Financial Inc now owns 3,377 shares of the data storage provider’s stock worth $291,000 after buying an additional 122 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Seagate Technology by 3.6% during the third quarter. Ballentine Partners LLC now owns 3,671 shares of the data storage provider’s stock worth $402,000 after buying an additional 129 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $667,430.10. This trade represents a 10.27 % 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, CEO William D. Mosley sold 20,000 shares of the business’s 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 sale, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at $64,011,366.51. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,073 shares of company stock valued at $3,115,549 over the last ninety days. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on STX. Rosenblatt Securities lifted their price target on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Northland Securities restated an “outperform” rating and issued a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Evercore ISI lifted their target price on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Mizuho decreased their price target on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Price Performance

Shares of STX opened at $98.28 on Friday. The stock has a 50-day moving average of $95.17 and a 200-day moving average of $100.26. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The company has a market cap of $20.79 billion, a PE ratio of 17.97 and a beta of 1.06.

Seagate Technology Announces Dividend

The company 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 dividend of $0.72 per share. 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 52.65%.

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.