**Title: Recent Changes in Seagate Technology Holdings**
**Content:**
The investment firm Cwm LLC made a recent disclosure to the Securities and Exchange Commission regarding its decreased holdings in shares of Seagate Technology. The firm’s position in the data storage provider’s stock dropped by 6.7% during the 1st quarter, resulting in ownership of 3,210 shares worth $299,000. Additionally, several other institutional investors have also made adjustments to their positions in the company, including new purchases and increases in existing holdings.
Seagate Technology’s stock saw a 0.4% increase, opening at $103.08 on Friday. This follows the company’s announcement of its quarterly dividend, which will be paid on July 5th. Investors of record on June 20th will receive a dividend of $0.70 per share, equating to an annualized dividend of $2.80 with a yield of 2.72%.
Regarding insider trading, senior vice president John Christopher Morris sold a large number of shares in May at an average price of $90.00, while EVP Ban Seng Teh recently sold 10,742 shares at an average price of $100.00. Over the last three months, corporate insiders have collectively sold over 37,531 shares of Seagate Technology stock.
Investment analysts have also provided various ratings for Seagate Technology, including buy, neutral, and hold. This follows the company’s continued global provision of data storage technology and solutions, offering various mass capacity storage products.
Seagate Technology, with its market capitalization of $21.65 billion and a P/E ratio of -79.91, has garnered attention from various analysts, each with their own perspective on the company’s future performance.
For individuals seeking to stay updated on Seagate Technology and related companies, MarketBeat.com offers a free daily email newsletter delivering concise summaries of the latest news and analysts’ ratings.
Whether you are a seasoned investor or an individual with a keen interest in market trends, Seagate Technology is a company worth monitoring.