Seagate Technology Holdings PLC $STX Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,397 shares of the data storage provider’s stock after selling 2,015 shares during the quarter. Yousif Capital Management LLC’s holdings in Seagate Technology were worth $5,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in STX. Dynamic Advisor Solutions LLC raised its stake in Seagate Technology by 3.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock valued at $341,000 after acquiring an additional 53 shares during the last quarter. Salvus Wealth Management LLC raised its holdings in Seagate Technology by 2.0% during the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after purchasing an additional 68 shares during the last quarter. Asset Dedication LLC boosted its position in Seagate Technology by 9.5% during the second quarter. Asset Dedication LLC now owns 809 shares of the data storage provider’s stock worth $117,000 after purchasing an additional 70 shares in the last quarter. GoalVest Advisory LLC grew its holdings in Seagate Technology by 30.6% in the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its stake in shares of Seagate Technology by 2.2% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock worth $503,000 after buying an additional 76 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Seagate Technology

In other news, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the completion of the sale, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kian Fatt Chong sold 7,078 shares of Seagate Technology stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $272.14, for a total value of $1,926,206.92. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 132,555 shares of company stock valued at $36,030,007. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

STX has been the topic of several recent research reports. Barclays upped their price target on shares of Seagate Technology from $200.00 to $240.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Wells Fargo & Company upped their target price on Seagate Technology from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. TD Cowen lifted their price target on Seagate Technology from $270.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Sanford C. Bernstein lifted their price target on shares of Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, Loop Capital boosted their price target on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $293.13.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $285.22 on Thursday. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $308.93. The company has a market capitalization of $60.91 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 1.11 and a beta of 1.59. The business has a 50-day moving average of $264.34 and a 200-day moving average of $203.69.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a dividend of $0.74 per share. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s payout ratio is 36.97%.

Seagate Technology Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.