Charles Schwab Investment Management Inc. Purchases 34,979 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Charles Schwab Investment Management Inc. boosted its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,362,899 shares of the data storage provider's stock after purchasing an additional 34,979 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of Seagate Technology worth $117,632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in Seagate Technology by 133.8% during the 3rd quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider's stock valued at $18,834,000 after purchasing an additional 98,418 shares during the period. Versor Investments LP purchased a new position in shares of Seagate Technology during the third quarter valued at approximately $2,146,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Seagate Technology by 9.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider's stock valued at $4,215,000 after acquiring an additional 4,229 shares in the last quarter. 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 acquiring an additional 1,012,638 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its holdings in Seagate Technology by 87.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider's stock valued at $740,000 after acquiring an additional 4,014 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

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Seagate Technology Trading Down 0.3 %

NASDAQ:STX traded down $0.28 during mid-day trading on Wednesday, reaching $86.70. The company's stock had a trading volume of 2,500,691 shares, compared to its average volume of 2,622,177. The stock has a market cap of $18.35 billion, a P/E ratio of 15.90 and a beta of 1.01. The firm's fifty day moving average price is $96.35 and its two-hundred day moving average price 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 Dividend Announcement

The business also recently disclosed 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 3.32%. Seagate Technology's dividend payout ratio (DPR) is 52.65%.

Analyst Ratings Changes

Several equities research analysts have recently commented on STX shares. Benchmark raised 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. StockNews.com lowered shares of Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Rosenblatt Securities upped their target price on Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Barclays raised their target price on Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd. Finally, Mizuho reduced their price target on Seagate Technology from $130.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. One 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.56.

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.