Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in Seagate Technology Holdings plc (NASDAQ:STX) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,400 shares of the data storage provider’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Seagate Technology were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in Seagate Technology by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock worth $281,000 after purchasing an additional 89 shares in the last quarter. Berkshire Bank grew its stake in Seagate Technology by 2.6% in the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock worth $355,000 after purchasing an additional 103 shares in the last quarter. MWA Asset Management grew its stake in Seagate Technology by 0.5% in the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock worth $1,695,000 after purchasing an additional 104 shares in the last quarter. My Legacy Advisors LLC grew its stake in Seagate Technology by 3.9% in the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock worth $294,000 after purchasing an additional 118 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in Seagate Technology by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider’s stock worth $2,382,000 after purchasing an additional 121 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $101.47 on Tuesday. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 18.55 and a beta of 1.07. The stock’s 50 day moving average price is $94.62 and its 200 day moving average price is $99.64.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.84%. Seagate Technology’s dividend payout ratio is currently 52.65%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology 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 transaction, the director now directly owns 6,555 shares in the company, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology 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 transaction, the chief executive officer now owns 622,497 shares in the company, valued at approximately $64,011,366.51. The trade was a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,891 shares of company stock valued at $2,146,848. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on STX shares. StockNews.com upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Wells Fargo & Company decreased their target price on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Bank of America lifted their target price on Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. UBS Group lifted their target price on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Susquehanna boosted their price objective on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company 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.