Pacer Advisors Inc. Increases Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Pacer Advisors Inc. raised its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 49.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,044 shares of the data storage provider’s stock after buying 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 reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Seagate Technology in the 3rd quarter worth approximately $26,000. Quarry LP acquired a new stake in shares of Seagate Technology during the second quarter worth $27,000. Advisors Asset Management Inc. grew its holdings 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 increased its position in shares of Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 293 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in Seagate Technology in the 3rd quarter worth $53,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value of $76,365.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 30,073 shares of company stock valued at $3,115,549 over the last quarter. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

STX has been the topic of several research analyst reports. Morgan Stanley dropped their price target on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group cut their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, January 22nd. Susquehanna raised their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. Finally, Barclays upped their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Stock Down 2.0 %

Shares of NASDAQ STX opened at $96.36 on Friday. The firm has a market cap of $20.40 billion, a price-to-earnings ratio of 17.62 and a beta of 1.06. The company’s 50-day simple moving average is $95.10 and its 200-day simple moving average is $100.17. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 yield of 2.99%. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Seagate Technology 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.