Quarry Hill Advisors LLC Invests $360,000 in Seagate Technology Holdings plc (NASDAQ:STX)

Quarry Hill Advisors LLC bought a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,169 shares of the data storage provider’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Czech National Bank grew its holdings in shares of Seagate Technology by 14.9% during the 3rd quarter. Czech National Bank now owns 42,777 shares of the data storage provider’s stock worth $4,685,000 after acquiring an additional 5,563 shares during the period. GAMMA Investing LLC boosted its position in shares of Seagate Technology by 75.1% during the third quarter. GAMMA Investing LLC now owns 2,928 shares of the data storage provider’s stock valued at $321,000 after purchasing an additional 1,256 shares in the last quarter. Brookstone Capital Management grew its stake in Seagate Technology by 10.9% in the third quarter. Brookstone Capital Management now owns 12,856 shares of the data storage provider’s stock worth $1,408,000 after purchasing an additional 1,268 shares during the period. Perpetual Ltd raised its holdings in Seagate Technology by 51.4% in the third quarter. Perpetual Ltd now owns 4,201 shares of the data storage provider’s stock worth $460,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in Seagate Technology by 45.9% during the third quarter. Contravisory Investment Management Inc. now owns 7,528 shares of the data storage provider’s stock valued at $825,000 after buying an additional 2,370 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In other Seagate Technology news, 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 value of $2,056,600.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s 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 directly owns 6,555 shares of the company’s stock, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,891 shares of company stock worth $2,146,848 in the last ninety days. Insiders own 0.81% of the company’s stock.

Seagate Technology Stock Down 0.4 %

STX opened at $96.15 on Friday. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07. The firm has a 50 day moving average price of $94.64 and a 200-day moving average price of $99.90. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.00%. Seagate Technology’s payout ratio is 52.65%.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent research reports. 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 research report on Wednesday, January 22nd. Morgan Stanley decreased their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Rosenblatt Securities lifted their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Barclays upped their price target on Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 22nd. Finally, UBS Group boosted their target price on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.