New York State Common Retirement Fund Sells 22,725 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

New York State Common Retirement Fund reduced its position in Seagate Technology Holdings plc (NASDAQ:STX) by 37.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,449 shares of the data storage provider’s stock after selling 22,725 shares during the period. New York State Common Retirement Fund’s holdings in Seagate Technology were worth $3,232,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in Seagate Technology by 5.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,780 shares of the data storage provider’s stock worth $962,000 after purchasing an additional 417 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Seagate Technology by 7.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the data storage provider’s stock worth $1,292,000 after purchasing an additional 800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Seagate Technology by 42.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,623 shares of the data storage provider’s stock worth $1,590,000 after purchasing an additional 4,372 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Seagate Technology by 5.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,100 shares of the data storage provider’s stock worth $4,017,000 after purchasing an additional 1,912 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Seagate Technology by 14.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,391 shares of the data storage provider’s stock worth $2,671,000 after purchasing an additional 3,155 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction 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 sale, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on 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 sale, the chief executive officer now directly owns 622,497 shares in the company, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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 Stock Performance

Shares of NASDAQ STX opened at $101.91 on Friday. The firm has a market cap of $21.58 billion, a PE ratio of 18.63 and a beta of 1.07. The firm has a fifty day moving average of $95.65 and a 200 day moving average of $99.96. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s payout ratio is presently 52.65%.

Wall Street Analyst Weigh In

A number of analysts recently commented on STX shares. The Goldman Sachs Group lowered their target price on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities raised their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.56.

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.