FIL Ltd acquired a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,440 shares of the data storage provider's stock, valued at approximately $3,145,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of STX. Invesco Ltd. raised its stake in shares of Seagate Technology by 14.6% in the 4th quarter. Invesco Ltd. now owns 2,761,534 shares of the data storage provider's stock valued at $238,348,000 after acquiring an additional 352,300 shares during the period. Waterloo Capital L.P. increased its holdings in Seagate Technology by 3.1% in the 4th quarter. Waterloo Capital L.P. now owns 35,409 shares of the data storage provider's stock valued at $3,056,000 after purchasing an additional 1,061 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Seagate Technology in the fourth quarter valued at approximately $820,000. Mizuho Bank Ltd. lifted its stake in Seagate Technology by 140.0% during the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after purchasing an additional 350 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Seagate Technology by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 996,394 shares of the data storage provider's stock worth $85,999,000 after buying an additional 41,567 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on STX shares. Cantor Fitzgerald reissued a "neutral" rating and set a $120.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Northland Securities reissued an "outperform" rating and set a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. UBS Group raised their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the company a "neutral" rating in a research note 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. Finally, Susquehanna boosted 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $118.78.
Get Our Latest Stock Analysis on Seagate Technology
Seagate Technology Stock Up 4.1 %
NASDAQ:STX traded up $2.98 during mid-day trading on Friday, reaching $75.80. 4,588,360 shares of the stock were exchanged, compared to its average volume of 2,789,785. Seagate Technology Holdings plc has a 1 year low of $63.19 and a 1 year high of $115.32. The company has a 50 day simple moving average of $87.34 and a 200-day simple moving average of $94.95. The stock has a market capitalization of $16.05 billion, a P/E ratio of 13.86 and a beta of 1.21.
Seagate Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.72 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.80%. Seagate Technology's dividend payout ratio (DPR) is 52.65%.
Insider Buying and Selling
In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the sale, the chief executive officer now directly owns 555,677 shares of the company's stock, valued at $46,988,047.12. This represents a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by company insiders.
Seagate Technology Profile
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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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