Kentucky Retirement Systems Sells 199 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Kentucky Retirement Systems decreased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,430 shares of the data storage provider’s stock after selling 199 shares during the period. Kentucky Retirement Systems’ holdings in Seagate Technology were worth $1,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of Seagate Technology during the 3rd quarter valued at $26,000. Advisors Asset Management Inc. increased its position in 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 acquiring an additional 258 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in Seagate Technology by 232.5% in the third 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. Human Investing LLC purchased a new position in Seagate Technology in the fourth quarter worth about $48,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Seagate Technology during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

STX opened at $100.85 on Monday. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of 18.44 and a beta of 1.07. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The company has a fifty day moving average of $95.02 and a 200 day moving average of $99.89.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued 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 (DPR) is 52.65%.

Insider Buying and Selling

In related news, Director Yolanda Lee Conyers sold 750 shares of the 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 completion of the transaction, the director now owns 6,555 shares of the company’s stock, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology 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 trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,891 shares of company stock worth $2,146,848. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Wednesday, January 22nd. Barclays lifted their target price on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley reduced their price target on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.56.

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.