Great Lakes Retirement Inc. Trims Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Great Lakes Retirement Inc. trimmed its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,154 shares of the data storage provider’s stock after selling 619 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Seagate Technology were worth $1,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of STX. Ashton Thomas Securities LLC bought a new stake in Seagate Technology during the third quarter worth about $26,000. Advisors Asset Management Inc. boosted its holdings 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 valued at $44,000 after acquiring an additional 258 shares during the period. JFS Wealth Advisors LLC grew its position in 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 acquiring an additional 293 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Seagate Technology in the third quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Seagate Technology in the 3rd quarter worth $54,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ STX opened at $97.83 on Wednesday. The business’s fifty day moving average is $94.43 and its 200 day moving average is $99.68. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The company has a market capitalization of $20.71 billion, a PE ratio of 17.88 and a beta of 1.07.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. 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 presently 52.65%.

Analysts Set New Price Targets

Several brokerages recently issued reports on STX. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Wednesday, January 22nd. Morgan Stanley decreased their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Barclays upped their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. UBS Group upped their price target on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Citigroup lifted their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $122.56.

Insider Buying and Selling

In other 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 transaction, the director now directly owns 6,555 shares in the company, valued at $667,430.10. The trade was a 10.27 % 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, CEO William D. Mosley sold 20,000 shares of the 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 of the company’s stock, valued at $64,011,366.51. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is owned by corporate insiders.

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.