Bank OZK Has $240,000 Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Bank OZK decreased its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,784 shares of the data storage provider’s stock after selling 151 shares during the period. Bank OZK’s holdings in Seagate Technology were worth $240,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Seagate Technology during the third quarter valued at about $26,000. Advisors Asset Management Inc. raised its position in shares of 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 buying an additional 258 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of Seagate Technology by 232.5% during the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after buying an additional 293 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Seagate Technology during the third quarter valued at about $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Seagate Technology during the third quarter valued at about $54,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In related 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 $64,011,366.51. This represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,891 shares of company stock valued at $2,146,848 over the last three months. 0.81% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on STX shares. Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Northland Securities reissued an “outperform” rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Susquehanna upped their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” 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. Finally, StockNews.com cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Price Performance

STX opened at $101.91 on Friday. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The company’s 50 day simple moving average is $95.65 and its 200-day simple moving average is $99.96. The stock has a market capitalization of $21.58 billion, a P/E ratio of 18.63 and a beta of 1.07.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.83%. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

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.