New York Life Investment Management LLC Has $2 Million Stake in Seagate Technology Holdings plc (NASDAQ:STX)

New York Life Investment Management LLC cut its holdings in Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 0.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,273 shares of the data storage provider’s stock after selling 161 shares during the period. New York Life Investment Management LLC’s holdings in Seagate Technology were worth $1,997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STX. Kestra Private Wealth Services LLC increased its holdings in shares of Seagate Technology by 1.9% in the third quarter. Kestra Private Wealth Services LLC now owns 18,390 shares of the data storage provider’s stock valued at $1,213,000 after purchasing an additional 340 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of Seagate Technology by 6.4% in the third quarter. Chartwell Investment Partners LLC now owns 33,772 shares of the data storage provider’s stock valued at $2,227,000 after purchasing an additional 2,027 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Seagate Technology by 4,985.2% in the third quarter. Clearstead Advisors LLC now owns 25,426 shares of the data storage provider’s stock valued at $1,677,000 after purchasing an additional 24,926 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Seagate Technology by 18.5% in the third quarter. Metis Global Partners LLC now owns 10,222 shares of the data storage provider’s stock valued at $674,000 after purchasing an additional 1,595 shares during the last quarter. Finally, LGT Group Foundation increased its holdings in shares of Seagate Technology by 2.0% in the third quarter. LGT Group Foundation now owns 68,344 shares of the data storage provider’s stock valued at $4,524,000 after purchasing an additional 1,310 shares during the last quarter. 85.26% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Trading Up 0.8 %

Shares of Seagate Technology stock opened at $86.20 on Wednesday. The stock has a 50 day moving average of $83.82 and a 200 day moving average of $73.48. Seagate Technology Holdings plc has a 12 month low of $54.32 and a 12 month high of $92.04. The firm has a market cap of $18.06 billion, a PE ratio of -24.63 and a beta of 1.04.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, March 20th. Seagate Technology’s dividend payout ratio is currently -80.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on STX shares. TD Cowen boosted their target price on shares of Seagate Technology from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Barclays boosted their target price on shares of Seagate Technology from $65.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Bank of America boosted their target price on shares of Seagate Technology from $80.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Mizuho boosted their target price on shares of Seagate Technology from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company boosted their target price on shares of Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.00.

Check Out Our Latest Research Report on Seagate Technology

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $79.70, for a total transaction of $637,600.00. Following the completion of the sale, the executive vice president now directly owns 33,690 shares of the company’s stock, valued at approximately $2,685,093. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Ban Seng Teh sold 8,000 shares of Seagate Technology stock in a transaction on Friday, December 8th. The stock was sold at an average price of $79.70, for a total value of $637,600.00. Following the transaction, the executive vice president now directly owns 33,690 shares in the company, valued at approximately $2,685,093. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Mosley sold 1,396 shares of the business’s stock in a transaction on Saturday, December 9th. The stock was sold at an average price of $80.59, for a total value of $112,503.64. Following the completion of the transaction, the chief executive officer now directly owns 670,378 shares of the company’s stock, valued at $54,025,763.02. The disclosure for this sale can be found here. In the last three months, insiders sold 81,994 shares of company stock valued at $6,547,701. Insiders own 0.89% of the company’s stock.

Seagate Technology Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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