Seagate Technology Holdings plc (NASDAQ:STX) Stock Holdings Decreased by National Bank of Canada FI

National Bank of Canada FI decreased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,209 shares of the data storage provider’s stock after selling 12,243 shares during the period. National Bank of Canada FI owned about 0.05% of Seagate Technology worth $9,857,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Seagate Technology by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock worth $2,414,446,000 after buying an additional 1,814,821 shares during the last quarter. State Street Corp lifted its stake in Seagate Technology by 6.8% during the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after purchasing an additional 541,585 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Seagate Technology by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock worth $454,477,000 after purchasing an additional 318,416 shares during the period. Franklin Resources Inc. increased its stake in Seagate Technology by 5.7% during the fourth quarter. Franklin Resources Inc. now owns 1,879,855 shares of the data storage provider’s stock valued at $162,250,000 after purchasing an additional 101,044 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Seagate Technology by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider’s stock worth $117,632,000 after purchasing an additional 34,979 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 555,677 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on STX shares. Susquehanna lifted their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a report on Wednesday, January 22nd. UBS Group upped 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. Rosenblatt Securities boosted their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley cut their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $121.00.

Seagate Technology Price Performance

STX opened at $66.73 on Friday. Seagate Technology Holdings plc has a 1-year low of $63.95 and a 1-year high of $115.32. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 12.20 and a beta of 1.01. The business has a 50 day moving average price of $93.10 and a two-hundred day moving average price of $97.51.

Seagate Technology Dividend Announcement

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