Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP grew its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 434.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STX. Czech National Bank increased its stake in shares of Seagate Technology by 14.9% in the 3rd quarter. Czech National Bank now owns 42,777 shares of the data storage provider’s stock valued at $4,685,000 after purchasing an additional 5,563 shares in the last quarter. Brookstone Capital Management increased its stake in Seagate Technology by 10.9% during the 3rd quarter. Brookstone Capital Management now owns 12,856 shares of the data storage provider’s stock worth $1,408,000 after buying an additional 1,268 shares in the last quarter. Perpetual Ltd increased its stake in Seagate Technology by 51.4% during the 3rd quarter. Perpetual Ltd now owns 4,201 shares of the data storage provider’s stock worth $460,000 after buying an additional 1,426 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Seagate Technology by 4,214.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,157 shares of the data storage provider’s stock worth $236,000 after buying an additional 2,107 shares in the last quarter. Finally, Viking Fund Management LLC increased its stake in Seagate Technology by 170.3% during the 3rd quarter. Viking Fund Management LLC now owns 2,000 shares of the data storage provider’s stock worth $219,000 after buying an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total value of $2,056,600.00. Following the sale, the chief executive officer now directly owns 622,497 shares in the company, valued at $64,011,366.51. This represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the sale, the director now owns 6,555 shares in the company, valued at $667,430.10. This represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,891 shares of company stock valued at $2,146,848. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the subject of a number of analyst reports. 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 report on Wednesday, January 22nd. Susquehanna upped their price objective on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. Evercore ISI upped their price objective on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup upped their price objective on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley lowered their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Trading Down 0.4 %

Shares of Seagate Technology stock opened at $96.15 on Friday. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The stock has a market cap of $20.36 billion, a PE ratio of 17.58 and a beta of 1.07. The company has a 50-day moving average of $94.54 and a two-hundred day moving average of $99.83.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.00%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Seagate Technology Company Profile

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.