Daiwa Securities Group Inc. boosted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,326 shares of the data storage provider's stock after acquiring an additional 3,353 shares during the period. Daiwa Securities Group Inc.'s holdings in Seagate Technology were worth $2,704,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Sound View Wealth Advisors Group LLC acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $1,191,000. Amundi increased its holdings in shares of Seagate Technology by 138.1% during the 4th quarter. Amundi now owns 442,065 shares of the data storage provider's stock worth $39,207,000 after buying an additional 256,419 shares during the last quarter. Lifeworks Advisors LLC increased its holdings in shares of Seagate Technology by 8.9% during the 4th quarter. Lifeworks Advisors LLC now owns 7,207 shares of the data storage provider's stock worth $622,000 after buying an additional 586 shares during the last quarter. Blankinship & Foster LLC acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $222,000. Finally, Machina Capital S.A.S. boosted its position in shares of Seagate Technology by 130.6% during the 4th quarter. Machina Capital S.A.S. now owns 14,204 shares of the data storage provider's stock worth $1,226,000 after purchasing an additional 8,044 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.
Seagate Technology Stock Up 3.0 %
Shares of NASDAQ:STX traded up $2.61 during trading on Monday, reaching $90.51. The stock had a trading volume of 2,948,527 shares, compared to its average volume of 2,599,337. The business has a fifty day moving average price of $96.32 and a 200-day moving average price of $99.11. The stock has a market cap of $19.16 billion, a P/E ratio of 16.55 and a beta of 1.01. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32.
Seagate Technology Announces Dividend
The company also recently disclosed 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 3.18%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology's dividend payout ratio is presently 52.65%.
Analysts Set New Price Targets
A number of research firms recently weighed in on STX. Bank of America lowered their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a research report on Thursday. Northland Securities reissued 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. Wedbush reissued an "outperform" rating and issued a $150.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Citigroup lifted their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and an average target price of $121.56.
Check Out Our Latest Stock Report on STX
Seagate Technology Company Profile
(
Free Report)
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.
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