HighTower Advisors LLC Lowers Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

HighTower Advisors LLC decreased its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 70.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,220 shares of the data storage provider's stock after selling 200,390 shares during the quarter. HighTower Advisors LLC's holdings in Seagate Technology were worth $7,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Berkshire Bank boosted its stake in shares of Seagate Technology by 2.6% in the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock valued at $355,000 after purchasing an additional 103 shares during the period. MWA Asset Management raised its holdings in Seagate Technology by 0.5% in the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock valued at $1,695,000 after acquiring an additional 104 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after acquiring an additional 113 shares in the last quarter. My Legacy Advisors LLC raised its holdings in Seagate Technology by 3.9% in the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider's stock valued at $294,000 after acquiring an additional 118 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Seagate Technology by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,098 shares of the data storage provider's stock valued at $1,562,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

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Seagate Technology Price Performance

Shares of STX traded down $0.11 during mid-day trading on Friday, reaching $88.27. 2,575,978 shares of the company's stock were exchanged, compared to its average volume of 2,591,937. The stock has a market capitalization of $18.69 billion, a PE ratio of 16.14 and a beta of 1.01. The business's fifty day simple moving average is $96.32 and its 200-day simple moving average is $98.76. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32.

Seagate Technology Dividend Announcement

The company 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 $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.26%. Seagate Technology's dividend payout ratio (DPR) is 52.65%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Rosenblatt Securities raised their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. 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 report on Tuesday. Mizuho cut their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Finally, Barclays raised their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $121.00.

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.