Arizona State Retirement System Acquires 3,959 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Arizona State Retirement System boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,112 shares of the data storage provider's stock after acquiring an additional 3,959 shares during the quarter. Arizona State Retirement System's holdings in Seagate Technology were worth $5,275,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Seagate Technology during the 3rd quarter worth $26,000. Advisors Asset Management Inc. raised its position in Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock valued at $44,000 after purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after purchasing an additional 113 shares during the last quarter. Human Investing LLC purchased a new position in shares of Seagate Technology in the 4th quarter worth about $48,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Seagate Technology during the 3rd quarter valued at about $53,000. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on STX shares. StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Susquehanna increased their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a report on Wednesday, January 22nd. Morgan Stanley decreased their target price on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. 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 research report on Wednesday, January 22nd. Finally, UBS Group lifted their price objective on Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a report 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.56.

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Seagate Technology Stock Down 0.1 %

Shares of NASDAQ:STX traded down $0.12 during trading on Wednesday, hitting $86.85. The stock had a trading volume of 2,765,357 shares, compared to its average volume of 2,626,614. The company has a market capitalization of $18.39 billion, a PE ratio of 15.88 and a beta of 1.01. The firm's fifty day moving average is $96.35 and its 200 day moving average is $99.43. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. 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 3.32%. 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.