Seagate Technology Holdings PLC $STX Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 6.2% during the third quarter, HoldingsChannel reports. The firm owned 114,133 shares of the data storage provider’s stock after selling 7,584 shares during the quarter. Voya Investment Management LLC’s holdings in Seagate Technology were worth $26,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Dynamic Advisor Solutions LLC grew its position in Seagate Technology by 3.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock valued at $341,000 after buying an additional 53 shares during the last quarter. Salvus Wealth Management LLC boosted its holdings in shares of Seagate Technology by 2.0% in the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after acquiring an additional 68 shares in the last quarter. Asset Dedication LLC increased its stake in shares of Seagate Technology by 9.5% during the second quarter. Asset Dedication LLC now owns 809 shares of the data storage provider’s stock worth $117,000 after acquiring an additional 70 shares during the period. GoalVest Advisory LLC raised its holdings in Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 75 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its position in Seagate Technology by 2.2% in the second quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock valued at $503,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on STX shares. Fox Advisors boosted their target price on Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. UBS Group decreased their price objective on shares of Seagate Technology from $235.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. BNP Paribas Exane dropped their target price on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. China Renaissance began coverage on shares of Seagate Technology in a research report on Friday, December 5th. They set a “buy” rating and a $325.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $293.13.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $296.36 on Monday. The firm’s 50-day moving average is $260.33 and its two-hundred day moving average is $200.93. The company has a market capitalization of $63.29 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $308.93.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 1.0%. Seagate Technology’s dividend payout ratio (DPR) is 36.97%.

Insider Buying and Selling at Seagate Technology

In related news, EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the transaction, the executive vice president owned 12,041 shares of the company’s stock, valued at approximately $3,251,070. The trade was a 33.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $271.03, for a total transaction of $5,420,600.00. Following the completion of the transaction, the chief executive officer owned 445,668 shares in the company, valued at approximately $120,789,398.04. This trade represents a 4.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 132,555 shares of company stock valued at $36,030,007. 0.79% of the stock is owned by company insiders.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.