Elo Mutual Pension Insurance Co lifted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,640 shares of the data storage provider's stock after buying an additional 6,920 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Seagate Technology were worth $2,127,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of STX. Thrivent Financial for Lutherans grew its holdings in shares of Seagate Technology by 3.8% in the third quarter. Thrivent Financial for Lutherans now owns 10,877 shares of the data storage provider's stock valued at $1,191,000 after purchasing an additional 402 shares in the last quarter. 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 buying an additional 258 shares during the last quarter. Cerity Partners LLC raised its position in shares of Seagate Technology by 25.1% during the 3rd quarter. Cerity Partners LLC now owns 35,794 shares of the data storage provider's stock valued at $3,921,000 after buying an additional 7,177 shares in the last quarter. Algert Global LLC bought a new position in shares of Seagate Technology in the 3rd quarter valued at about $612,000. Finally, Fisher Asset Management LLC purchased a new position in Seagate Technology in the third quarter worth about $320,000. Institutional investors own 92.87% of the company's stock.
Seagate Technology Price Performance
NASDAQ STX traded up $0.81 during trading on Wednesday, reaching $85.35. 1,461,789 shares of the company's stock traded hands, compared to its average volume of 2,618,804. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 15.60 and a beta of 1.01. The company's 50 day simple moving average is $95.12 and its two-hundred day simple moving average is $98.05.
Seagate Technology Dividend Announcement
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 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 dividend yield of 3.37%. Seagate Technology's dividend payout ratio is presently 52.65%.
Analyst Ratings Changes
STX has been the subject of several analyst reports. Barclays raised their price objective 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. The Goldman Sachs Group dropped their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Citigroup reduced their target price on shares of Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Susquehanna lifted their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $121.00.
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About Seagate Technology
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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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