State of New Jersey Common Pension Fund D Sells 6,151 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

State of New Jersey Common Pension Fund D trimmed its holdings in Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,158 shares of the data storage provider’s stock after selling 6,151 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Seagate Technology were worth $6,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its holdings in shares of Seagate Technology by 161.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 61,038 shares of the data storage provider’s stock valued at $4,025,000 after purchasing an additional 37,726 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Seagate Technology in the third quarter valued at about $120,000. HighTower Advisors LLC lifted its holdings in shares of Seagate Technology by 1.5% in the third quarter. HighTower Advisors LLC now owns 87,468 shares of the data storage provider’s stock valued at $5,781,000 after purchasing an additional 1,333 shares in the last quarter. Pathstone Family Office LLC lifted its holdings in shares of Seagate Technology by 46.6% in the third quarter. Pathstone Family Office LLC now owns 13,232 shares of the data storage provider’s stock valued at $882,000 after purchasing an additional 4,208 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Seagate Technology by 20.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,391 shares of the data storage provider’s stock valued at $1,213,000 after purchasing an additional 3,080 shares in the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 8,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $79.70, for a total transaction of $637,600.00. Following the transaction, the executive vice president now owns 33,690 shares in the company, valued at approximately $2,685,093. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Gianluca Romano sold 475 shares of Seagate Technology stock in a transaction on Saturday, December 9th. The stock was sold at an average price of $80.59, for a total value of $38,280.25. Following the transaction, the chief financial officer now owns 63,874 shares in the company, valued at approximately $5,147,605.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ban Seng Teh sold 8,000 shares of Seagate Technology stock in a transaction on Friday, December 8th. The shares were sold at an average price of $79.70, for a total value of $637,600.00. Following the completion of the transaction, the executive vice president now owns 33,690 shares in the company, valued at approximately $2,685,093. The disclosure for this sale can be found here. Insiders have sold a total of 81,994 shares of company stock worth $6,547,701 in the last 90 days. Company insiders own 0.89% of the company’s stock.

Seagate Technology Trading Down 0.3 %

NASDAQ:STX opened at $89.10 on Tuesday. The stock has a 50 day simple moving average of $84.37 and a 200 day simple moving average of $74.10. Seagate Technology Holdings plc has a 1-year low of $54.32 and a 1-year high of $92.04. The stock has a market cap of $18.67 billion, a P/E ratio of -25.46 and a beta of 1.04.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.14%. Seagate Technology’s dividend payout ratio (DPR) is presently -80.00%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Summit Insights upgraded Seagate Technology from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Robert W. Baird boosted their price target on Seagate Technology from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. The Goldman Sachs Group upped their target price on Seagate Technology from $65.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Morgan Stanley upped their target price on Seagate Technology from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Finally, StockNews.com upgraded Seagate Technology from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $79.00.

Read Our Latest Stock Analysis on Seagate Technology

About Seagate Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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