Chevy Chase Trust Holdings LLC Sells 1,593 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Chevy Chase Trust Holdings LLC cut its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 111,001 shares of the data storage provider’s stock after selling 1,593 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Seagate Technology were worth $9,580,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Sanders Capital LLC lifted its stake in Seagate Technology by 0.9% during the 3rd quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider’s stock valued at $1,792,742,000 after acquiring an additional 150,115 shares in the last quarter. State Street Corp lifted its stake in Seagate Technology by 6.8% during the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock valued at $937,081,000 after acquiring an additional 541,585 shares in the last quarter. Geode Capital Management LLC lifted its stake in Seagate Technology by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock valued at $454,477,000 after acquiring an additional 318,416 shares in the last quarter. Franklin Resources Inc. lifted its stake in Seagate Technology by 29.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after acquiring an additional 405,232 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Seagate Technology by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,920 shares of the data storage provider’s stock valued at $145,447,000 after purchasing an additional 73,267 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on STX. Citigroup raised their target price on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Bank of America raised their target price on Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Susquehanna raised their target price on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research report on Wednesday, January 22nd. Morgan Stanley decreased their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

Insider Activity

In related news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total value of $2,056,600.00. Following the completion of the sale, the chief executive officer now owns 622,497 shares in the company, valued at $64,011,366.51. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the completion of the sale, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % 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 insiders.

Seagate Technology Trading Down 0.0 %

Shares of STX opened at $101.47 on Monday. The company has a market cap of $21.48 billion, a PE ratio of 18.55 and a beta of 1.07. The stock has a 50-day moving average price of $94.57 and a 200-day moving average price of $99.62. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.84%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

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.