Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 30.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,596 shares of the data storage provider’s stock after selling 14,904 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Seagate Technology were worth $2,900,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of STX. Exchange Traded Concepts LLC grew its stake in Seagate Technology by 4,214.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,157 shares of the data storage provider’s stock valued at $236,000 after purchasing an additional 2,107 shares in the last quarter. B.O.S.S. Retirement Advisors LLC grew its stake in Seagate Technology by 1.9% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 10,460 shares of the data storage provider’s stock valued at $1,146,000 after purchasing an additional 198 shares in the last quarter. nVerses Capital LLC grew its stake in Seagate Technology by 18.2% during the 3rd quarter. nVerses Capital LLC now owns 9,100 shares of the data storage provider’s stock valued at $997,000 after purchasing an additional 1,400 shares in the last quarter. Good Life Advisors LLC grew its stake in Seagate Technology by 16.9% during the 3rd quarter. Good Life Advisors LLC now owns 3,876 shares of the data storage provider’s stock valued at $425,000 after purchasing an additional 560 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Seagate Technology by 5.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,605 shares of the data storage provider’s stock valued at $4,886,000 after purchasing an additional 2,253 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction on 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 directly owns 6,555 shares in the company, valued at $667,430.10. The trade was a 10.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $2,056,600.00. Following the completion of the transaction, the chief executive officer now owns 622,497 shares in the company, valued at $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. In 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.

Seagate Technology Stock Performance

STX opened at $99.21 on Thursday. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The stock’s fifty day moving average is $94.44 and its 200-day moving average is $99.63. The company has a market capitalization of $21.00 billion, a PE ratio of 18.14 and a beta of 1.07.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is presently 52.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Susquehanna raised their price objective on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research note on Wednesday, January 22nd. Citigroup raised their price objective on Seagate Technology from $120.00 to $125.00 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 stock a “neutral” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Rosenblatt Securities lifted their target price on Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.56.

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.