Fox Run Management L.L.C. Makes New Investment in Seagate Technology Holdings plc (NASDAQ:STX)

Fox Run Management L.L.C. acquired a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,807 shares of the data storage provider's stock, valued at approximately $1,019,000.

Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in shares of Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after acquiring an additional 258 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology in the 3rd quarter valued at about $53,000. Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology in the 3rd quarter valued at about $54,000. Brooklyn Investment Group acquired a new stake in shares of Seagate Technology during the 3rd quarter worth about $56,000. Finally, JFS Wealth Advisors LLC grew 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. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Price Performance

NASDAQ STX traded down $0.83 on Tuesday, reaching $87.96. The company had a trading volume of 3,151,225 shares, compared to its average volume of 2,588,825. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The firm has a 50-day moving average of $96.32 and a 200-day moving average of $98.68. The firm has a market capitalization of $18.62 billion, a PE ratio of 16.08 and a beta of 1.01.

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Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's payout ratio is 52.65%.

Analyst Ratings Changes

STX has been the topic of several recent analyst reports. Susquehanna upped their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research note on Wednesday, January 22nd. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. StockNews.com downgraded Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. The Goldman Sachs Group reduced their target price on Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Finally, Citigroup decreased their price target on Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of "Moderate Buy" and an average price target of $121.00.

About Seagate Technology

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.