Whittier Trust Co. of Nevada Inc. Sells 867 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Whittier Trust Co. of Nevada Inc. reduced its position in Seagate Technology Holdings plc (NASDAQ:STX) by 41.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,225 shares of the data storage provider’s stock after selling 867 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Seagate Technology were worth $106,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. raised its stake in Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 113 shares in the last quarter. Human Investing LLC purchased a new stake in Seagate Technology during the fourth quarter valued at $48,000. Harvest Fund Management Co. Ltd purchased a new stake in Seagate Technology during the third quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Seagate Technology during the third quarter valued at $54,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $88.27 on Monday. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of 16.14 and a beta of 1.01. The firm’s 50-day moving average is $96.32 and its two-hundred day moving average is $98.76. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STX. UBS Group upped their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Bank of America reduced their target price on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Barclays increased their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. Finally, Mizuho reduced their target price 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.