Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 49.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,044 shares of the data storage provider’s stock after acquiring an additional 9,656 shares during the quarter. Pacer Advisors Inc.’s holdings in Seagate Technology were worth $2,507,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. KBC Group NV increased its holdings in Seagate Technology by 150.1% in the 4th quarter. KBC Group NV now owns 70,290 shares of the data storage provider’s stock valued at $6,066,000 after purchasing an additional 42,182 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Seagate Technology by 42.9% in the fourth quarter. Blue Trust Inc. now owns 3,407 shares of the data storage provider’s stock valued at $294,000 after buying an additional 1,022 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 87.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider’s stock valued at $740,000 after buying an additional 4,014 shares during the period. Stablepoint Partners LLC lifted its stake in Seagate Technology by 2.3% during the 4th quarter. Stablepoint Partners LLC now owns 51,652 shares of the data storage provider’s stock worth $4,458,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Seagate Technology by 6.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,293 shares of the data storage provider’s stock valued at $198,000 after acquiring an additional 136 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Mizuho decreased their price target on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Wednesday, January 22nd. UBS Group lifted their target price on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Susquehanna upped their price target on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

Seagate Technology Price Performance

NASDAQ STX opened at $96.36 on Friday. The company has a fifty day moving average of $95.10 and a two-hundred day moving average of $100.17. The company has a market capitalization of $20.40 billion, a PE ratio of 17.62 and a beta of 1.06. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.99%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Insider Buying and Selling

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 6,555 shares of the company’s stock, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 622,497 shares in the company, valued at approximately $64,011,366.51. The trade was a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,073 shares of company stock worth $3,115,549 in the last quarter. 0.81% of the stock is owned by insiders.

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.