Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 479,613 shares of the data storage provider’s stock after buying an additional 14,185 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Seagate Technology were worth $41,395,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Seagate Technology during the third quarter worth approximately $26,000. Advisors Asset Management Inc. raised its stake in Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after acquiring an additional 258 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 293 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Seagate Technology in the third quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Seagate Technology during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In related news, Director Yolanda Lee Conyers sold 750 shares of the business’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. The trade was a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of the company’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 value of $2,056,600.00. Following the sale, the chief executive officer now directly owns 622,497 shares in the company, valued at approximately $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 90 days. Company insiders own 0.81% of the company’s stock.

Seagate Technology Trading Up 1.7 %

NASDAQ:STX opened at $97.80 on Tuesday. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The firm has a market capitalization of $20.70 billion, a price-to-earnings ratio of 17.88 and a beta of 1.07. The firm’s fifty day simple moving average is $94.54 and its 200 day simple moving average is $99.72.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.94%. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Analysts Set New Price Targets

STX has been the topic of several analyst reports. UBS Group lifted their target price on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group reduced their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Barclays raised their price target on Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. Finally, Wedbush reissued an “outperform” rating and set a $150.00 price objective 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, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.