Illinois Municipal Retirement Fund decreased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 64.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,314 shares of the data storage provider's stock after selling 30,782 shares during the period. Illinois Municipal Retirement Fund's holdings in Seagate Technology were worth $1,494,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berkshire Bank lifted its position in Seagate Technology by 2.6% during the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock valued at $355,000 after buying an additional 103 shares in the last quarter. MWA Asset Management boosted its stake in Seagate Technology by 0.5% during the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock valued at $1,695,000 after purchasing an additional 104 shares during the period. JFS Wealth Advisors LLC increased its stake in Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after buying an additional 113 shares during the period. My Legacy Advisors LLC lifted its holdings in shares of 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 buying an additional 118 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Seagate Technology by 0.4% during the fourth quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider's stock valued at $2,382,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.
Seagate Technology Stock Performance
Shares of STX traded down $1.65 during trading hours on Wednesday, reaching $92.43. 5,175,448 shares of the company traded hands, compared to its average volume of 3,384,575. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The stock has a market cap of $19.57 billion, a P/E ratio of 16.90 and a beta of 1.07. The stock's fifty day moving average is $96.37 and its 200 day moving average is $99.93.
Seagate Technology Announces Dividend
The company also recently announced 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. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is currently 52.65%.
Analysts Set New Price Targets
Several research firms have issued reports on STX. Northland Securities restated an "outperform" rating and set a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Wells Fargo & Company decreased their target price on shares of Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Susquehanna raised their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a report on Wednesday, January 22nd. Bank of America upped their price objective on shares of Seagate Technology from $124.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Finally, Wedbush reissued an "outperform" rating and set a $150.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $122.56.
Get Our Latest Analysis on STX
Seagate Technology 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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