Deseret Mutual Benefit Administrators Sells 227 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Deseret Mutual Benefit Administrators cut its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 7.1% in the 4th quarter, HoldingsChannel reports. The firm owned 2,952 shares of the data storage provider’s stock after selling 227 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Seagate Technology were worth $255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in Seagate Technology by 47.9% in the third quarter. Blue Trust Inc. now owns 2,385 shares of the data storage provider’s stock worth $246,000 after acquiring an additional 772 shares in the last quarter. Raymond James & Associates lifted its stake in Seagate Technology by 2.4% during the third quarter. Raymond James & Associates now owns 227,667 shares of the data storage provider’s stock worth $24,936,000 after purchasing an additional 5,385 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Seagate Technology by 10.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,299 shares of the data storage provider’s stock worth $252,000 after purchasing an additional 213 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Seagate Technology by 3.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock valued at $281,000 after purchasing an additional 89 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Seagate Technology by 14.0% during the 3rd quarter. Signaturefd LLC now owns 4,875 shares of the data storage provider’s stock valued at $534,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 1.7 %

Shares of Seagate Technology stock opened at $100.85 on Friday. The business has a 50 day moving average of $95.02 and a 200 day moving average of $99.80. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The company has a market cap of $21.35 billion, a PE ratio of 18.44 and a beta of 1.07.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.86%. Seagate Technology’s dividend payout ratio is 52.65%.

Analyst Ratings Changes

STX has been the subject of several research reports. Susquehanna upped their target price on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research note on Wednesday, January 22nd. Mizuho cut their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Citigroup lifted their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company cut their price target on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.56.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of the 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $76,365.00. Following the sale, the director now owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,891 shares of company stock valued at $2,146,848. Corporate insiders own 0.81% of the company’s stock.

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.