Seagate Technology Holdings plc (NASDAQ:STX) CEO Sells $1,691,200.00 in Stock

Seagate Technology Holdings plc (NASDAQ:STX) CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the sale, the chief executive officer now owns 555,677 shares of the company’s stock, valued at $46,988,047.12. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Seagate Technology Stock Performance

NASDAQ:STX opened at $66.73 on Friday. The stock has a market capitalization of $14.13 billion, a PE ratio of 12.20 and a beta of 1.01. The company has a fifty day moving average of $93.10 and a two-hundred day moving average of $97.54. Seagate Technology Holdings plc has a fifty-two week low of $63.95 and a fifty-two week high of $115.32.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.72 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.32%. Seagate Technology’s payout ratio is currently 52.65%.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of research reports. Northland Securities reaffirmed an “outperform” rating and set a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Morgan Stanley cut their price target on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.00.

Institutional Trading of Seagate Technology

Institutional investors have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of Seagate Technology in the fourth quarter valued at about $26,000. Elequin Capital LP acquired a new position in shares of Seagate Technology during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB acquired a new position in Seagate Technology during the third quarter worth $54,000. Finally, JFS Wealth Advisors LLC increased its stake in shares of Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 113 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

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.