Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 428,419 shares of the data storage provider's stock after selling 51,113 shares during the period. First Trust Advisors LP owned about 0.20% of Seagate Technology worth $36,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STX. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 1,814,821 shares in the last quarter. Sanders Capital LLC boosted its position in Seagate Technology by 1.0% during the fourth quarter. Sanders Capital LLC now owns 16,530,152 shares of the data storage provider's stock worth $1,426,717,000 after purchasing an additional 162,561 shares in the last quarter. Geode Capital Management LLC grew its holdings in Seagate Technology by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 4,295,225 shares of the data storage provider's stock valued at $370,013,000 after purchasing an additional 132,713 shares during the last quarter. Invesco Ltd. increased its position in shares of Seagate Technology by 14.6% in the fourth quarter. Invesco Ltd. now owns 2,761,534 shares of the data storage provider's stock valued at $238,348,000 after buying an additional 352,300 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Seagate Technology by 5.7% during the 4th quarter. Franklin Resources Inc. now owns 1,879,855 shares of the data storage provider's stock worth $162,250,000 after buying an additional 101,044 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Wall Street Analyst Weigh In

STX has been the topic of several research reports. Susquehanna increased their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $130.00 target price on shares of Seagate Technology in a research report on Wednesday. Benchmark raised shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research note on Wednesday, January 22nd. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Finally, Wedbush reissued an "outperform" rating and set a $140.00 price objective (down from $150.00) on shares of Seagate Technology in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $114.89.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the sale, the chief executive officer now owns 555,677 shares of the company's stock, valued at $46,988,047.12. This represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is currently owned by insiders.

Seagate Technology Stock Up 11.6 %

Shares of STX traded up $9.43 during trading on Wednesday, reaching $91.03. The company's stock had a trading volume of 11,876,996 shares, compared to its average volume of 2,825,239. Seagate Technology Holdings plc has a twelve month low of $63.19 and a twelve month high of $115.32. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 16.64 and a beta of 1.21. The company has a fifty day moving average of $83.59 and a two-hundred day moving average of $93.22.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.15. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The firm's revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. As a group, equities analysts forecast that Seagate Technology Holdings plc will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, June 25th. Seagate Technology's dividend 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.