Kentucky Retirement Systems Sells 199 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Kentucky Retirement Systems lowered its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,430 shares of the data storage provider’s stock after selling 199 shares during the quarter. Kentucky Retirement Systems’ holdings in Seagate Technology were worth $1,245,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sanders Capital LLC raised its stake in Seagate Technology by 0.9% in the third quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider’s stock worth $1,792,742,000 after buying an additional 150,115 shares in the last quarter. State Street Corp increased its holdings in shares of Seagate Technology by 6.8% in the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock valued at $937,081,000 after acquiring an additional 541,585 shares during the period. Geode Capital Management LLC raised its position in shares of Seagate Technology by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock worth $454,477,000 after acquiring an additional 318,416 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Seagate Technology by 29.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock worth $197,844,000 after purchasing an additional 405,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Seagate Technology by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,920 shares of the data storage provider’s stock valued at $145,447,000 after purchasing an additional 73,267 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were 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 directly owns 622,497 shares in the company, valued at $64,011,366.51. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the sale, the director now owns 6,555 shares in the company, valued at approximately $667,430.10. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is owned by insiders.

Seagate Technology Trading Down 1.7 %

STX opened at $100.85 on Monday. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The firm has a 50 day moving average of $95.02 and a two-hundred day moving average of $99.89. The firm has a market capitalization of $21.35 billion, a PE ratio of 18.44 and a beta of 1.07.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given 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 is presently 52.65%.

Analyst Ratings Changes

A number of equities analysts have commented on STX shares. Wells Fargo & Company reduced their target price on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Bank of America increased their target price on shares of Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research report 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 report on Wednesday, January 22nd. Morgan Stanley lowered their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, UBS Group upped their target price on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. One research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.56.

About Seagate Technology

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.