Seagate Technology Holdings plc (NASDAQ:STX) CEO William D. Mosley Sells 20,000 Shares

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

Seagate Technology Stock Up 1.2 %

NASDAQ:STX opened at $85.52 on Thursday. Seagate Technology Holdings plc has a 52 week low of $81.58 and a 52 week high of $115.32. The stock’s fifty day moving average is $94.67 and its two-hundred day moving average is $97.96. The company has a market capitalization of $18.11 billion, a P/E ratio of 15.63 and a beta of 1.01.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a $0.72 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.37%. Seagate Technology’s payout ratio is currently 52.65%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of STX. Glenmede Trust Co. NA boosted its position in shares of Seagate Technology by 9.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,450 shares of the data storage provider’s stock worth $487,000 after purchasing an additional 384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Seagate Technology by 12.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,360 shares of the data storage provider’s stock worth $4,640,000 after buying an additional 4,711 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Seagate Technology by 50.1% in the third quarter. Public Sector Pension Investment Board now owns 10,491 shares of the data storage provider’s stock valued at $1,149,000 after buying an additional 3,500 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at $1,238,000. Finally, Captrust Financial Advisors lifted its stake in Seagate Technology by 14.4% during the 3rd quarter. Captrust Financial Advisors now owns 25,364 shares of the data storage provider’s stock worth $2,778,000 after acquiring an additional 3,188 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on STX shares. Wells Fargo & Company dropped their target price on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. UBS Group raised their target price on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Citigroup decreased their price objective on Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley dropped their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Bank of America decreased their price target on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.00.

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.