Sentry Investment Management LLC Lowers Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Sentry Investment Management LLC cut its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 718 shares of the data storage provider’s stock after selling 117 shares during the period. Sentry Investment Management LLC’s holdings in Seagate Technology were worth $62,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Seagate Technology during the 3rd quarter worth approximately $26,000. Advisors Asset Management Inc. grew 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 acquiring an additional 258 shares in the last quarter. JFS Wealth Advisors LLC increased its position in shares of Seagate Technology by 232.5% during the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 293 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Seagate Technology in the third quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology in the third quarter valued at $54,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Up 0.4 %

Shares of STX opened at $100.67 on Friday. The company has a market capitalization of $21.31 billion, a PE ratio of 18.40 and a beta of 1.07. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The company has a 50-day simple moving average of $95.39 and a 200-day simple moving average of $99.95.

Seagate Technology Dividend Announcement

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

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 622,497 shares of the company’s stock, valued at $64,011,366.51. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the sale, the director now directly owns 6,555 shares in the company, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,891 shares of company stock valued at $2,146,848 in the last quarter. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Bank of America boosted their price target on shares of Seagate Technology from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Citigroup raised their price objective 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. Susquehanna lifted their price objective 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. Finally, Northland Securities reissued an “outperform” rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.