Seagate Technology Holdings plc (NASDAQ:STX) Stake Boosted by Ieq Capital LLC

Ieq Capital LLC increased its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 11.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 35,622 shares of the data storage provider’s stock after buying an additional 3,795 shares during the quarter. Ieq Capital LLC’s holdings in Seagate Technology were worth $3,075,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Sanders Capital LLC increased its position in Seagate Technology by 0.9% in the 3rd quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider’s stock worth $1,792,742,000 after purchasing an additional 150,115 shares during the last quarter. State Street Corp increased its holdings in Seagate Technology by 6.8% in the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after buying an additional 541,585 shares during the last quarter. Geode Capital Management LLC increased its holdings in Seagate Technology by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock worth $454,477,000 after buying an additional 318,416 shares during the last quarter. Franklin Resources Inc. raised its position in Seagate Technology by 29.5% during the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after acquiring an additional 405,232 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Seagate Technology by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,920 shares of the data storage provider’s stock valued at $145,447,000 after acquiring an additional 73,267 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $100.85 on Friday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The business has a fifty day moving average of $95.02 and a two-hundred day moving average of $99.84. The stock has a market cap of $21.35 billion, a PE ratio of 18.44 and a beta of 1.07.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.86%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on STX shares. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Susquehanna increased their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group cut their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Bank of America upped their price target on Seagate Technology from $124.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Mizuho cut their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

Insiders Place Their Bets

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $2,056,600.00. Following the transaction, the chief executive officer now owns 622,497 shares in the company, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is currently owned by insiders.

Seagate Technology 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.