Hosking Partners LLP Has $9.88 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Hosking Partners LLP lowered its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,508 shares of the data storage provider’s stock after selling 329 shares during the period. Hosking Partners LLP owned about 0.05% of Seagate Technology worth $9,883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STX. Ashton Thomas Securities LLC acquired a new position in Seagate Technology during the third quarter worth $26,000. Advisors Asset Management Inc. grew its holdings in shares of Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after purchasing an additional 258 shares during the last quarter. JFS Wealth Advisors LLC increased 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 worth $46,000 after purchasing an additional 293 shares in the last quarter. Human Investing LLC bought a new position in Seagate Technology during the 4th quarter valued at about $48,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology in the third quarter valued at about $53,000. Institutional investors own 92.87% of the company’s stock.

Insiders Place Their Bets

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated 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 directly owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was 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 owns 622,497 shares in the company, valued at $64,011,366.51. The trade was a 3.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,891 shares of company stock worth $2,146,848. Company insiders own 0.81% of the company’s stock.

Seagate Technology Trading Up 0.4 %

Shares of STX opened at $100.67 on Friday. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The stock’s 50-day moving average price is $95.39 and its two-hundred day moving average price is $99.95. The stock has a market cap of $21.31 billion, a P/E ratio of 18.40 and a beta of 1.07.

Seagate Technology Announces Dividend

The firm 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 dividend yield of 2.86%. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Analyst Upgrades and Downgrades

STX has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Citigroup raised their price target on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. UBS Group boosted their price objective on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Susquehanna increased their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.