Amundi Acquires 256,419 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Amundi grew its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 138.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 442,065 shares of the data storage provider's stock after purchasing an additional 256,419 shares during the period. Amundi owned 0.21% of Seagate Technology worth $39,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Seagate Technology in the 3rd quarter worth about $26,000. Advisors Asset Management Inc. increased its holdings in shares of Seagate Technology by 177.9% in the 3rd 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 period. JFS Wealth Advisors LLC increased its holdings in shares of Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after acquiring an additional 113 shares during the period. Human Investing LLC acquired a new stake in shares of Seagate Technology in the 4th quarter worth about $48,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Seagate Technology in the 3rd quarter worth about $53,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Shares of NASDAQ STX traded up $2.28 during mid-day trading on Friday, reaching $87.90. The company had a trading volume of 2,261,080 shares, compared to its average volume of 2,597,936. The stock has a fifty day moving average of $96.32 and a two-hundred day moving average of $99.11. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of 16.07 and a beta of 1.01. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32.

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Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is 52.65%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on STX shares. Mizuho decreased their target price on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Benchmark upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Wednesday, January 22nd. Northland Securities reiterated an "outperform" rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. The Goldman Sachs Group decreased their target price on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Finally, Barclays increased 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 report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.56.

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.