National Pension Service Takes $43.44 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

National Pension Service purchased a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 503,257 shares of the data storage provider’s stock, valued at approximately $43,436,000. National Pension Service owned 0.24% of Seagate Technology as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Los Angeles Capital Management LLC boosted its stake in shares of Seagate Technology by 176.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock worth $64,007,000 after acquiring an additional 473,484 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Seagate Technology by 42.4% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 24,500 shares of the data storage provider’s stock worth $2,115,000 after buying an additional 7,300 shares during the period. Wealthspire Advisors LLC acquired a new stake in shares of Seagate Technology in the fourth quarter worth $336,000. Fisher Funds Management LTD acquired a new stake in shares of Seagate Technology in the fourth quarter worth $2,610,000. Finally, Bell Bank boosted its position in shares of Seagate Technology by 15.3% in the fourth quarter. Bell Bank now owns 76,842 shares of the data storage provider’s stock worth $6,632,000 after buying an additional 10,198 shares during the period. 92.87% of the stock is owned by institutional investors.

Seagate Technology Trading Up 1.2 %

NASDAQ STX opened at $101.91 on Friday. The stock’s 50 day moving average is $95.65 and its two-hundred day moving average is $99.96. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 18.63 and a beta of 1.07. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

Insider Buying and Selling at Seagate Technology

In other news, 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 transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 622,497 shares in the company, valued at $64,011,366.51. The trade was a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STX has been the subject of several recent research reports. Wells Fargo & Company cut their price objective on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a 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 report on Wednesday, January 22nd. Mizuho cut their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, UBS Group raised their target price on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.