National Bank of Canada FI Has $9.86 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

National Bank of Canada FI reduced its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,209 shares of the data storage provider’s stock after selling 12,243 shares during the quarter. National Bank of Canada FI’s holdings in Seagate Technology were worth $9,857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of STX. JFS Wealth Advisors LLC increased its stake in Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after buying an additional 113 shares during the period. Human Investing LLC acquired a new position in shares of Seagate Technology in the fourth quarter worth $48,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology during the third quarter worth $54,000. S.A. Mason LLC acquired a new stake in Seagate Technology during the fourth quarter valued at $55,000. Finally, Quarry LP grew its stake in Seagate Technology by 108.4% in the third quarter. Quarry LP now owns 546 shares of the data storage provider’s stock valued at $60,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on STX shares. UBS Group raised their price target on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Morgan Stanley reduced 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. Barclays increased their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 22nd. Mizuho reduced their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Bank of America decreased their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $66.73 on Friday. The firm has a fifty day moving average price of $93.10 and a two-hundred day moving average price of $97.51. Seagate Technology Holdings plc has a fifty-two week low of $63.95 and a fifty-two week high of $115.32. The company has a market cap of $14.13 billion, a PE ratio of 12.20 and a beta of 1.01.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 4.32%. Seagate Technology’s dividend payout ratio is 52.65%.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the sale, the chief executive officer now directly owns 555,677 shares in the company, valued at approximately $46,988,047.12. The trade was a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Seagate Technology Company 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.