Oregon Public Employees Retirement Fund Buys 120 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Oregon Public Employees Retirement Fund raised its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 0.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,098 shares of the data storage provider’s stock after acquiring an additional 120 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Seagate Technology were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of STX. Assenagon Asset Management S.A. boosted its holdings in Seagate Technology by 5.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,780 shares of the data storage provider’s stock valued at $962,000 after purchasing an additional 417 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Seagate Technology by 7.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the data storage provider’s stock worth $1,292,000 after acquiring an additional 800 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Seagate Technology by 42.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,623 shares of the data storage provider’s stock worth $1,590,000 after acquiring an additional 4,372 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Seagate Technology by 5.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,100 shares of the data storage provider’s stock worth $4,017,000 after acquiring an additional 1,912 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Seagate Technology by 14.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 24,391 shares of the data storage provider’s stock worth $2,671,000 after acquiring an additional 3,155 shares during the period. 92.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other news, 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 transaction of $76,365.00. Following the completion of the sale, the director now 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 filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction 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. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,891 shares of company stock worth $2,146,848. 0.81% of the stock is currently owned by corporate insiders.

Seagate Technology Trading Up 1.2 %

STX opened at $101.91 on Friday. The stock has a market capitalization of $21.58 billion, a PE ratio of 18.63 and a beta of 1.07. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The firm has a 50-day moving average price of $95.65 and a two-hundred day moving average price of $99.96.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s payout ratio is presently 52.65%.

Analyst Ratings Changes

A number of equities analysts have recently commented on STX shares. Barclays raised their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 22nd. Wells Fargo & Company reduced their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Bank of America raised their price objective on shares of Seagate Technology from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group increased their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.