Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,295,225 shares of the data storage provider’s stock after purchasing an additional 132,713 shares during the quarter. Geode Capital Management LLC’s holdings in Seagate Technology were worth $370,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. Berkshire Bank lifted its holdings in shares of Seagate Technology by 2.6% in the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after purchasing an additional 103 shares during the last quarter. MWA Asset Management boosted its holdings in shares of Seagate Technology by 0.5% in the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after acquiring an additional 104 shares during the period. JFS Wealth Advisors LLC grew its position in shares of Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 113 shares during the last quarter. Signaturefd LLC grew its position in shares of Seagate Technology by 2.3% during the fourth quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider’s stock worth $431,000 after acquiring an additional 113 shares during the last quarter. Finally, My Legacy Advisors LLC raised its position in Seagate Technology by 3.9% in the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after purchasing an additional 118 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total value of $1,691,200.00. Following the completion of the transaction, the chief executive officer now directly owns 555,677 shares of the company’s stock, valued at $46,988,047.12. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the topic of several research reports. Citigroup lowered their price objective on shares of Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Northland Securities reissued an “outperform” rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. The Goldman Sachs Group dropped their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Stock Down 6.7 %

Shares of STX stock opened at $66.73 on Friday. The stock has a market cap of $14.13 billion, a P/E ratio of 12.20 and a beta of 1.01. Seagate Technology Holdings plc has a fifty-two week low of $63.95 and a fifty-two week high of $115.32. The business has a fifty day simple moving average of $93.10 and a 200-day simple moving average of $97.54.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology’s payout ratio is currently 52.65%.

About Seagate Technology

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.