OMERS ADMINISTRATION Corp Has $1.78 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

OMERS ADMINISTRATION Corp lessened its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,618 shares of the data storage provider's stock after selling 6,561 shares during the period. OMERS ADMINISTRATION Corp's holdings in Seagate Technology were worth $1,780,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC increased its holdings in shares of Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after buying an additional 113 shares in the last quarter. Human Investing LLC acquired a new stake in shares of Seagate Technology during the fourth quarter worth approximately $48,000. Mizuho Bank Ltd. increased its holdings in shares of Seagate Technology by 140.0% during the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after buying an additional 350 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in shares of Seagate Technology by 22.7% in the fourth quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider's stock valued at $52,000 after purchasing an additional 112 shares in the last quarter. Finally, S.A. Mason LLC acquired a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reissued a "neutral" rating and issued a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Barclays raised their price target on shares of Seagate Technology from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Benchmark raised shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a report on Wednesday, January 22nd. Bank of America lowered their price target on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Finally, Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.11.

Insiders Place Their Bets

In other 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 transaction, the chief executive officer now directly owns 555,677 shares in the company, valued at $46,988,047.12. The trade was a 3.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.81% of the company's stock.

Seagate Technology Stock Up 0.3%

STX traded up $0.36 during trading on Friday, hitting $107.79. The company had a trading volume of 3,233,263 shares, compared to its average volume of 2,916,617. The company has a market capitalization of $22.87 billion, a PE ratio of 19.71 and a beta of 1.32. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32. The firm's 50-day moving average price is $84.56 and its 200 day moving average price is $92.35.

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

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 annualized dividend and a yield of 2.67%. Seagate Technology's dividend payout ratio (DPR) is presently 41.62%.

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.