Dynamic Technology Lab Private Ltd Acquires Shares of 9,495 Seagate Technology Holdings plc (NASDAQ:STX)

Dynamic Technology Lab Private Ltd bought a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,495 shares of the data storage provider’s stock, valued at approximately $820,000.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Seagate Technology by 9.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider’s stock worth $4,215,000 after purchasing an additional 4,229 shares during the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Seagate Technology by 87.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider’s stock worth $740,000 after buying an additional 4,014 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Seagate Technology by 9.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider’s stock valued at $7,360,000 after buying an additional 7,599 shares during the period. Rheos Capital Works Inc. boosted its stake in Seagate Technology by 2.5% in the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider’s stock valued at $28,612,000 after acquiring an additional 8,000 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in Seagate Technology by 62.4% during the 3rd quarter. TCW Group Inc. now owns 359,042 shares of the data storage provider’s stock worth $39,326,000 after acquiring an additional 138,001 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the transaction, the chief executive officer now directly owns 555,677 shares in the company, valued at approximately $46,988,047.12. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on STX. Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Cantor Fitzgerald restated a “neutral” rating and set a $120.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. Barclays upped their price target on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. Citigroup decreased their price objective on shares of Seagate Technology from $125.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, UBS Group lifted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $121.00.

Seagate Technology Price Performance

NASDAQ:STX opened at $66.73 on Monday. The firm’s fifty day moving average price is $93.10 and its two-hundred day moving average price is $97.48. The company has a market cap of $14.13 billion, a P/E ratio of 12.20 and a beta of 1.01. Seagate Technology Holdings plc has a one year low of $61.00 and a one year high of $115.32.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.72 per share. The ex-dividend date was Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 4.32%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

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.