Andra AP fonden Buys 193,500 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Andra AP fonden boosted its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 281.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,300 shares of the data storage provider's stock after acquiring an additional 193,500 shares during the quarter. Andra AP fonden owned 0.12% of Seagate Technology worth $22,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Seagate Technology by 341.7% in the third 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. State Street Corp grew its stake in shares of Seagate Technology by 6.8% during the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock valued at $937,081,000 after buying an additional 541,585 shares during the last quarter. National Pension Service purchased a new position in shares of Seagate Technology in the fourth quarter worth about $43,436,000. Finally, Los Angeles Capital Management LLC lifted its stake 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 valued at $64,007,000 after acquiring an additional 473,484 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently issued reports on STX shares. Rosenblatt Securities raised their price target on Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Citigroup raised their target price on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Bank of America upped their price target on shares of Seagate Technology from $124.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Morgan Stanley cut their price target on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Finally, Barclays upped their price objective 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Seagate Technology has an average rating of "Moderate Buy" and a consensus price target of $122.56.

Seagate Technology Trading Up 0.6 %

STX traded up $0.56 during trading on Tuesday, reaching $86.97. The stock had a trading volume of 3,805,506 shares, compared to its average volume of 2,622,184. The company has a market capitalization of $18.41 billion, a price-to-earnings ratio of 15.90 and a beta of 1.01. The stock's 50 day moving average is $96.34 and its two-hundred day moving average is $99.55. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.31%. Seagate Technology's dividend payout ratio (DPR) is currently 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.