Invesco Ltd. grew its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,761,534 shares of the data storage provider's stock after buying an additional 352,300 shares during the period. Invesco Ltd. owned 1.30% of Seagate Technology worth $238,348,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Waterloo Capital L.P. raised its stake in Seagate Technology by 3.1% in the fourth quarter. Waterloo Capital L.P. now owns 35,409 shares of the data storage provider's stock worth $3,056,000 after buying an additional 1,061 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Seagate Technology in the 4th quarter worth approximately $820,000. Mizuho Bank Ltd. raised its position in shares of Seagate Technology by 140.0% in the 4th quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after acquiring an additional 350 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Seagate Technology by 4.4% in the 4th quarter. Wells Fargo & Company MN now owns 996,394 shares of the data storage provider's stock valued at $85,999,000 after purchasing an additional 41,567 shares during the period. Finally, World Investment Advisors boosted its position in shares of Seagate Technology by 77.0% during the fourth quarter. World Investment Advisors now owns 3,510 shares of the data storage provider's stock valued at $303,000 after purchasing an additional 1,527 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.
Seagate Technology Trading Down 0.9 %
NASDAQ:STX traded down $0.67 during trading hours on Tuesday, reaching $72.00. The company had a trading volume of 3,145,789 shares, compared to its average volume of 2,772,560. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 13.16 and a beta of 1.21. The firm's 50 day moving average price is $88.73 and its 200-day moving average price is $95.50. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32.
Seagate Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Wednesday, March 19th. Seagate Technology's payout ratio is currently 52.65%.
Analyst Ratings Changes
Several equities analysts have commented on the company. Cantor Fitzgerald reissued a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Wells Fargo & Company cut 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 report on Thursday, January 16th. Bank of America lowered their target price on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a report on Thursday, March 13th. UBS Group raised their price objective on Seagate Technology from $95.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Barclays lifted 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. One 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.78.
View Our Latest Analysis on Seagate Technology
Insider Buying and Selling at Seagate Technology
In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated 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 in the company, valued at $46,988,047.12. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by corporate 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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