503,257 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Acquired by National Pension Service

National Pension Service acquired a new position in Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 503,257 shares of the data storage provider’s stock, valued at approximately $43,436,000.

Several other institutional investors have also recently bought and sold shares of STX. Ashton Thomas Securities LLC bought a new stake in shares of Seagate Technology during the 3rd quarter valued at $26,000. Advisors Asset Management Inc. raised its position in shares of Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after acquiring an additional 258 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of Seagate Technology by 232.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 293 shares during the last quarter. Human Investing LLC bought a new stake in shares of Seagate Technology during the 4th quarter valued at $48,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Seagate Technology during the 3rd quarter valued at $53,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $101.91 on Friday. The firm’s 50-day moving average is $95.65 and its 200-day moving average is $99.96. The stock has a market cap of $21.58 billion, a price-to-earnings ratio of 18.63 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.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 2.83%. Seagate Technology’s dividend payout ratio is currently 52.65%.

Analyst Ratings Changes

STX has been the subject of several recent research reports. Citigroup upped their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities reissued an “outperform” rating and issued a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Barclays boosted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 622,497 shares of the company’s stock, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the transaction, the director now directly owns 6,555 shares in the company, valued at $667,430.10. This represents 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 in the last three months. 0.81% of the stock is currently owned by company insiders.

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.