Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Choreo LLC

Choreo LLC trimmed its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 4.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,613 shares of the data storage provider’s stock after selling 287 shares during the quarter. Choreo LLC’s holdings in Seagate Technology were worth $577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of STX. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Seagate Technology by 37.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,150 shares of the data storage provider’s stock worth $1,760,000 after buying an additional 5,527 shares during the period. Yousif Capital Management LLC boosted its position in Seagate Technology by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider’s stock worth $2,382,000 after acquiring an additional 121 shares during the period. Greenwood Capital Associates LLC boosted its position in Seagate Technology by 7.0% during the 4th quarter. Greenwood Capital Associates LLC now owns 17,158 shares of the data storage provider’s stock worth $1,481,000 after acquiring an additional 1,118 shares during the period. Rheos Capital Works Inc. grew its stake in shares of Seagate Technology by 2.5% in the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider’s stock worth $28,612,000 after purchasing an additional 8,000 shares in the last quarter. Finally, S.A. Mason LLC acquired a new position in shares of Seagate Technology during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In other news, Director Yolanda Lee Conyers sold 750 shares of the company’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 owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 622,497 shares of the company’s stock, 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 20,891 shares of company stock worth $2,146,848 over the last 90 days. 0.81% of the stock is owned by company insiders.

Seagate Technology Trading Up 0.0 %

Shares of STX opened at $97.83 on Wednesday. The business’s 50-day moving average price is $94.43 and its 200 day moving average price is $99.68. The stock has a market capitalization of $20.71 billion, a P/E ratio of 17.88 and a beta of 1.07. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on STX. UBS Group increased their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Citigroup upped their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Mizuho lowered their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley cut 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. Finally, The Goldman Sachs Group lowered their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

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.