21,208 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Bought by AMJ Financial Wealth Management

AMJ Financial Wealth Management purchased a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,208 shares of the data storage provider's stock, valued at approximately $1,830,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STX. Point72 Asset Management L.P. bought a new position in Seagate Technology during the third quarter valued at about $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 valued at $143,370,000 after acquiring an additional 1,012,638 shares during the last quarter. State Street Corp boosted 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 purchasing an additional 541,585 shares in the last quarter. National Pension Service acquired a new position in shares of Seagate Technology in the 4th quarter worth approximately $43,436,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Seagate Technology by 176.6% in the 4th 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 in the last quarter. 92.87% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

STX has been the subject of a number of research reports. Rosenblatt Securities raised their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Cantor Fitzgerald reissued a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Barclays boosted their target price on Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 22nd. Northland Securities reiterated an "outperform" rating and issued a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $122.56.

Seagate Technology Price Performance

STX traded up $1.36 during trading on Friday, reaching $88.00. 4,617,712 shares of the stock traded hands, compared to its average volume of 3,455,525. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The stock's 50-day simple moving average is $96.33 and its two-hundred day simple moving average is $99.84. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 16.09 and a beta of 1.07.

Seagate Technology Announces Dividend

The firm also recently declared 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 3.27%. Seagate Technology's dividend payout ratio (DPR) is 52.65%.

Seagate Technology Company 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.