JPMorgan Chase & Co. Has $1.45 Billion Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

JPMorgan Chase & Co. trimmed its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,759,601 shares of the data storage provider's stock after selling 5,892,398 shares during the quarter. JPMorgan Chase & Co. owned 7.92% of Seagate Technology worth $1,446,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its stake in Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after acquiring an additional 113 shares during the period. Human Investing LLC bought a new stake in Seagate Technology in the 4th quarter valued at $48,000. Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology in the 3rd quarter worth $53,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Seagate Technology during the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Down 0.1 %

Shares of STX traded down $0.12 during trading hours on Tuesday, hitting $84.83. The company had a trading volume of 519,517 shares, compared to its average volume of 2,614,633. The business has a fifty day moving average of $95.45 and a 200-day moving average of $98.17. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 15.48 and a beta of 1.01. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32.

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Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.39%. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.

Wall Street Analysts Forecast Growth

STX has been the topic of a number of research reports. Rosenblatt Securities boosted their price target on Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Barclays raised their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 22nd. Wedbush reissued an "outperform" rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Bank of America decreased their target price on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Finally, Citigroup cut their price target on shares of Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus price target of $121.00.

About Seagate Technology

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.