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

State of Alaska Department of Revenue reduced its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,116 shares of the data storage provider’s stock after selling 275 shares during the period. State of Alaska Department of Revenue’s holdings in Seagate Technology were worth $2,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in STX. Ashton Thomas Securities LLC acquired a new position in Seagate Technology in the third quarter valued at approximately $26,000. Advisors Asset Management Inc. lifted its holdings in Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after acquiring an additional 258 shares during the last quarter. JFS Wealth Advisors LLC lifted 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. Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology in the third quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Seagate Technology in the third quarter valued at approximately $54,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the company’s 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 completion of the transaction, the director now owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the sale, the chief executive officer now owns 622,497 shares of the company’s stock, valued at $64,011,366.51. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,891 shares of company stock worth $2,146,848 over the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Barclays boosted their target price on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. Mizuho cut their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, The Goldman Sachs Group cut their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Price Performance

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 company has a market capitalization of $20.70 billion, a PE ratio of 17.88 and a beta of 1.07. The company has a fifty day moving average of $94.54 and a two-hundred day moving average of $99.72.

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 $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 2.94%. Seagate Technology’s dividend payout ratio is presently 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.