Entropy Technologies LP Buys 33,060 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Entropy Technologies LP increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 434.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,677 shares of the data storage provider’s stock after buying an additional 33,060 shares during the quarter. Entropy Technologies LP’s holdings in Seagate Technology were worth $3,511,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in shares of Seagate Technology by 3.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock worth $281,000 after buying an additional 89 shares during the last quarter. Berkshire Bank lifted its stake in shares of Seagate Technology by 2.6% in the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after purchasing an additional 103 shares during the period. MWA Asset Management lifted its stake in shares of Seagate Technology by 0.5% in the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after purchasing an additional 104 shares during the period. My Legacy Advisors LLC lifted its stake in shares of Seagate Technology by 3.9% in the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after purchasing an additional 118 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of Seagate Technology by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider’s stock valued at $2,382,000 after purchasing an additional 121 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

STX opened at $96.15 on Friday. The stock has a market cap of $20.36 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07. The stock’s 50 day moving average price is $94.54 and its 200-day moving average price is $99.83. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.00%. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Rosenblatt Securities raised their target price on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Susquehanna lifted their price objective on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research note on Wednesday, January 22nd. Citigroup lifted their price objective on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group decreased their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.56.

Insider Buying and Selling

In other news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction 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. This trade represents a 10.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction 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 directly owns 622,497 shares of the company’s stock, valued at $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 a total of 20,891 shares of company stock valued at $2,146,848 over the last quarter. 0.81% of the stock is owned by corporate insiders.

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.