Seagate Technology Holdings plc (NASDAQ:STX) Stock Position Raised by Machina Capital S.A.S.

Machina Capital S.A.S. increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 130.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,204 shares of the data storage provider's stock after acquiring an additional 8,044 shares during the period. Machina Capital S.A.S.'s holdings in Seagate Technology were worth $1,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new position in shares of Seagate Technology in the third quarter worth about $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Seagate Technology by 341.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider's stock valued at $143,370,000 after purchasing an additional 1,012,638 shares in the last quarter. State Street Corp boosted its stake in shares of Seagate Technology by 6.8% during the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock valued at $937,081,000 after buying an additional 541,585 shares during the last quarter. National Pension Service bought a new stake in shares of Seagate Technology in the fourth quarter worth $43,436,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of Seagate Technology by 176.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider's stock worth $64,007,000 after buying an additional 473,484 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

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Seagate Technology Stock Down 0.3 %

Seagate Technology stock traded down $0.24 during mid-day trading on Wednesday, hitting $86.73. The company's stock had a trading volume of 3,808,874 shares, compared to its average volume of 2,626,625. The stock has a market capitalization of $18.36 billion, a P/E ratio of 15.86 and a beta of 1.01. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The stock's fifty day moving average price is $96.35 and its two-hundred day moving average price is $99.43.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's dividend payout ratio is 52.65%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on STX shares. Bank of America raised 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. StockNews.com downgraded Seagate Technology from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Wedbush reaffirmed an "outperform" rating and set a $150.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. Northland Securities reiterated an "outperform" rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities boosted their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. One 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's stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average price target of $122.56.

Seagate Technology Company 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.