Inceptionr LLC bought a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,600 shares of the data storage provider's stock, valued at approximately $1,174,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in Seagate Technology by 133.8% in the 3rd quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider's stock valued at $18,834,000 after buying an additional 98,418 shares in the last quarter. Versor Investments LP bought a new position in shares of Seagate Technology during the 3rd quarter valued at about $2,146,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Seagate Technology by 9.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider's stock worth $4,215,000 after purchasing an additional 4,229 shares during the last quarter. Forte Capital LLC ADV grew its stake in shares of Seagate Technology by 29.8% in the 3rd quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider's stock worth $3,173,000 after purchasing an additional 6,653 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Seagate Technology by 341.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider's stock worth $143,370,000 after purchasing an additional 1,012,638 shares during the last quarter. Institutional investors own 92.87% of the company's stock.
Seagate Technology Stock Performance
Shares of STX stock traded up $1.36 during trading on Friday, hitting $88.00. 4,617,712 shares of the company were exchanged, compared to its average volume of 3,455,525. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 16.09 and a beta of 1.01. The business's 50-day simple moving average is $96.34 and its 200 day simple moving average is $99.67. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32.
Seagate Technology Dividend Announcement
The business 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 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's dividend payout ratio is currently 52.65%.
Analyst Ratings Changes
Several brokerages have recently issued reports on STX. StockNews.com cut shares of Seagate Technology from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. The Goldman Sachs Group lowered their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Susquehanna lifted their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research note on Wednesday, January 22nd. Finally, Bank of America lifted their price objective on shares of Seagate Technology from $124.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.56.
Read Our Latest Stock Report on STX
Seagate Technology Company Profile
(
Free Report)
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.
See Also
Before you consider Seagate Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seagate Technology wasn't on the list.
While Seagate Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
