Central Asset Investments & Management Holdings HK Ltd Purchases 4,000 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Central Asset Investments & Management Holdings HK Ltd grew its position in Seagate Technology Holdings plc (NASDAQ:STX) by 56.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,056 shares of the data storage provider’s stock after buying an additional 4,000 shares during the period. Central Asset Investments & Management Holdings HK Ltd’s holdings in Seagate Technology were worth $954,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of STX. Victory Capital Management Inc. raised its position in shares of Seagate Technology by 133.8% in the 3rd quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock valued at $18,834,000 after purchasing an additional 98,418 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Seagate Technology during the third quarter valued at $2,146,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Seagate Technology by 9.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider’s stock valued at $4,215,000 after purchasing an additional 4,229 shares during the last quarter. Forte Capital LLC ADV increased its holdings in shares of Seagate Technology by 29.8% in the third quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider’s stock valued at $3,173,000 after purchasing an additional 6,653 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Seagate Technology by 3,549.7% in the third quarter. International Assets Investment Management LLC now owns 204,493 shares of the data storage provider’s stock worth $22,398,000 after purchasing an additional 198,890 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STX has been the topic of several recent research reports. Northland Securities reaffirmed an “outperform” rating and issued a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. StockNews.com raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company 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. Finally, The Goldman Sachs Group lowered their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. One equities research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.56.

Insider Transactions at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the firm’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 completion of the sale, the director now directly owns 6,555 shares in the company, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology 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 directly owns 622,497 shares in the company, valued at $64,011,366.51. This trade represents a 3.11 % 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 worth $2,146,848 in the last ninety days. Insiders own 0.81% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $100.27 on Thursday. The stock’s fifty day moving average is $95.22 and its two-hundred day moving average is $99.95. The firm has a market capitalization of $21.23 billion, a P/E ratio of 18.33 and a beta of 1.07. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

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.