Amalgamated Bank Sells 505 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Amalgamated Bank lessened its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,721 shares of the data storage provider’s stock after selling 505 shares during the period. Amalgamated Bank’s holdings in Seagate Technology were worth $2,565,000 at the end of the most recent reporting period.

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

Insider Activity at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value 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. This represents a 10.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the completion of the sale, the chief executive officer now owns 622,497 shares in the company, 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 20,891 shares of company stock worth $2,146,848 over the last ninety days. Company insiders own 0.81% of the company’s stock.

Seagate Technology Trading Up 1.2 %

Shares of NASDAQ:STX opened at $101.91 on Friday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The stock has a market capitalization of $21.58 billion, a P/E ratio of 18.63 and a beta of 1.07. The business has a 50-day moving average price of $95.95 and a two-hundred day moving average price of $100.00.

Seagate Technology Dividend Announcement

The firm also recently declared 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. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STX. Bank of America increased their target price on Seagate Technology from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Susquehanna lifted their price objective on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a report on Wednesday, January 22nd. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Wednesday, January 22nd. Rosenblatt Securities boosted their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Mizuho cut their target price on shares of 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.