Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,658 shares of the data storage provider’s stock after selling 11,240 shares during the quarter. Handelsbanken Fonder AB’s holdings in Seagate Technology were worth $7,825,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Seagate Technology in the third quarter valued at approximately $26,000. Advisors Asset Management Inc. grew its position in shares of Seagate Technology by 177.9% in 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 grew its position in shares of Seagate Technology by 232.5% in the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 293 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Seagate Technology in the third quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insiders Place Their Bets

In other Seagate Technology news, 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 value of $2,056,600.00. Following the sale, the chief executive officer now owns 622,497 shares of the company’s stock, valued at approximately $64,011,366.51. The trade was a 3.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $76,365.00. Following the completion of the sale, the director now directly owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their position. 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. 0.81% of the stock is currently owned by insiders.

Seagate Technology Trading Down 1.7 %

Shares of NASDAQ STX opened at $100.85 on Friday. The stock has a market cap of $21.35 billion, a P/E ratio of 18.44 and a beta of 1.07. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The business’s fifty day simple moving average is $95.02 and its 200-day simple moving average is $99.84.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 yield of 2.86%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is presently 52.65%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on STX shares. UBS Group upped their price target on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered their price objective on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Northland Securities reiterated an “outperform” rating and issued a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Summit Insights upgraded Seagate Technology from a “hold” rating to 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

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.