Kintegral Advisory LLC Has $621,000 Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Kintegral Advisory LLC reduced its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,128 shares of the data storage provider’s stock after selling 332 shares during the period. Kintegral Advisory LLC’s holdings in Seagate Technology were worth $621,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its holdings in shares of Seagate Technology by 10.2% during the third quarter. Foundations Investment Advisors LLC now owns 2,299 shares of the data storage provider’s stock worth $252,000 after buying an additional 213 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Seagate Technology by 3.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock valued at $281,000 after purchasing an additional 89 shares during the period. Signaturefd LLC raised its holdings in shares of Seagate Technology by 14.0% during the third quarter. Signaturefd LLC now owns 4,875 shares of the data storage provider’s stock valued at $534,000 after purchasing an additional 600 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Seagate Technology by 3,549.7% during the third quarter. International Assets Investment Management LLC now owns 204,493 shares of the data storage provider’s stock valued at $22,398,000 after purchasing an additional 198,890 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Seagate Technology by 6.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 16,672 shares of the data storage provider’s stock valued at $1,826,000 after purchasing an additional 988 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. This represents a 10.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were 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 of the company’s stock, valued at $64,011,366.51. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,891 shares of company stock valued at $2,146,848 in the last three months. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STX. Wells Fargo & Company dropped their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Susquehanna upped their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a report on Wednesday, January 22nd. Mizuho dropped their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Citigroup upped 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 analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

Seagate Technology Stock Performance

NASDAQ:STX opened at $100.85 on Friday. The firm has a market cap of $21.35 billion, a price-to-earnings ratio of 18.44 and a beta of 1.07. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The firm has a 50-day moving average price of $95.02 and a two-hundred day moving average price of $99.84.

Seagate Technology Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 2.86%. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

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.