Generali Asset Management SPA SGR Invests $2.06 Million in Seagate Technology Holdings plc (NASDAQ:STX)

Generali Asset Management SPA SGR purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,897 shares of the data storage provider's stock, valued at approximately $2,063,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in shares of Seagate Technology during the 3rd quarter worth about $259,000. Empowered Funds LLC increased its holdings in shares of Seagate Technology by 6.8% during the third quarter. Empowered Funds LLC now owns 3,274 shares of the data storage provider's stock worth $359,000 after buying an additional 209 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Seagate Technology by 6.2% in the third quarter. Natixis Advisors LLC now owns 70,117 shares of the data storage provider's stock valued at $7,680,000 after acquiring an additional 4,094 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Seagate Technology by 5.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 25,853 shares of the data storage provider's stock worth $2,832,000 after acquiring an additional 1,227 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Seagate Technology by 3.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 10,877 shares of the data storage provider's stock worth $1,191,000 after acquiring an additional 402 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

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Analysts Set New Price Targets

STX has been the topic of a number of recent analyst reports. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Bank of America reduced their price objective on Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Barclays raised their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Morgan Stanley cut their target price on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

Seagate Technology Trading Up 0.6 %

Shares of Seagate Technology stock traded up $0.52 during trading hours on Monday, reaching $88.79. 1,715,003 shares of the company's stock were exchanged, compared to its average volume of 2,588,979. The stock has a market cap of $18.80 billion, a P/E ratio of 16.23 and a beta of 1.01. The company has a 50 day moving average of $96.32 and a two-hundred day moving average of $98.76. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.24%. Seagate Technology's dividend payout ratio is presently 52.65%.

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.