Dynamic Technology Lab Private Ltd Acquires Shares of 9,495 Seagate Technology Holdings plc (NASDAQ:STX)

Dynamic Technology Lab Private Ltd bought a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, HoldingsChannel.com reports. The fund bought 9,495 shares of the data storage provider’s stock, valued at approximately $820,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in STX. Vanguard Group Inc. boosted its holdings in shares of Seagate Technology by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock valued at $2,414,446,000 after acquiring an additional 1,814,821 shares in the last quarter. State Street Corp raised its holdings in 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 buying an additional 541,585 shares during the last quarter. Geode Capital Management LLC grew its holdings in Seagate Technology by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 4,295,225 shares of the data storage provider’s stock worth $370,013,000 after acquiring an additional 132,713 shares during the last quarter. Franklin Resources Inc. grew its holdings in Seagate Technology by 5.7% during the 4th quarter. Franklin Resources Inc. now owns 1,879,855 shares of the data storage provider’s stock worth $162,250,000 after acquiring an additional 101,044 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Seagate Technology by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider’s stock valued at $117,632,000 after acquiring an additional 34,979 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

STX stock opened at $66.73 on Monday. The business has a 50-day simple moving average of $93.10 and a two-hundred day simple moving average of $97.48. The company has a market capitalization of $14.13 billion, a P/E ratio of 12.20 and a beta of 1.01. Seagate Technology Holdings plc has a 52-week low of $61.00 and a 52-week high of $115.32.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology’s payout ratio is currently 52.65%.

Analyst Ratings Changes

A number of research firms recently weighed in on STX. Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Citigroup reduced their target price on Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. UBS Group raised their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Mizuho cut their price target on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $121.00.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the transaction, the chief executive officer now owns 555,677 shares of the company’s stock, valued at $46,988,047.12. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.