Rothschild Investment LLC Trims Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Rothschild Investment LLC decreased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,266 shares of the data storage provider’s stock after selling 689 shares during the period. Rothschild Investment LLC’s holdings in Seagate Technology were worth $800,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Seagate Technology by 42.4% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 24,500 shares of the data storage provider’s stock valued at $2,115,000 after acquiring an additional 7,300 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in Seagate Technology in the 4th quarter worth $336,000. Fisher Funds Management LTD acquired a new stake in Seagate Technology during the 4th quarter valued at approximately $2,610,000. Bell Bank grew its holdings in Seagate Technology by 15.3% during the 4th quarter. Bell Bank now owns 76,842 shares of the data storage provider’s stock worth $6,632,000 after acquiring an additional 10,198 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Seagate Technology by 2.5% in the 4th quarter. Allianz Asset Management GmbH now owns 1,007,679 shares of the data storage provider’s stock valued at $86,973,000 after purchasing an additional 24,773 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 0.8 %

Shares of STX opened at $100.08 on Tuesday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The firm has a market capitalization of $21.19 billion, a PE ratio of 18.30 and a beta of 1.07. The firm has a 50-day moving average price of $95.11 and a 200 day moving average price of $99.93.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid 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 2.88%. Seagate Technology’s dividend payout ratio is presently 52.65%.

Wall Street Analysts Forecast Growth

STX has been the topic of several research reports. StockNews.com raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Bank of America lifted their price target on shares of Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group dropped their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Mizuho cut their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. 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 data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $122.56.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology 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 transaction, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at $64,011,366.51. The trade was a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s 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 of the company’s stock, valued at $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 a total of 20,891 shares of company stock valued at $2,146,848 over the last quarter. Corporate insiders own 0.81% of the company’s stock.

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.