Westpac Banking Corp Has $561,000 Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Westpac Banking Corp lifted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 55.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,504 shares of the data storage provider’s stock after buying an additional 2,308 shares during the quarter. Westpac Banking Corp’s holdings in Seagate Technology were worth $561,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,814,821 shares in the last quarter. State Street Corp lifted its position in shares of Seagate Technology by 6.8% during the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock valued at $937,081,000 after acquiring an additional 541,585 shares during the period. National Pension Service bought a new position in Seagate Technology during the fourth quarter worth $43,436,000. Los Angeles Capital Management LLC grew its holdings in Seagate Technology by 176.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock worth $64,007,000 after purchasing an additional 473,484 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Seagate Technology by 29.5% during the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after purchasing an additional 405,232 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Seagate Technology Trading Down 6.7 %

STX stock 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 stock has a market cap of $14.13 billion, a P/E ratio of 12.20 and a beta of 1.01. The stock’s fifty day simple moving average is $93.10 and its two-hundred day simple moving average is $97.54.

Seagate Technology Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 4.32%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Analyst Ratings Changes

STX has been the subject of several research reports. Morgan Stanley reduced their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. StockNews.com cut Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Bank of America lowered their target price on Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. UBS Group lifted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Barclays upped their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.00.

Seagate Technology 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.