Mizuho Securities USA LLC boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,048 shares of the data storage provider's stock after buying an additional 6,431 shares during the period. Mizuho Securities USA LLC's holdings in Seagate Technology were worth $1,730,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Empowered Funds LLC increased its stake in Seagate Technology by 6.8% during the third quarter. Empowered Funds LLC now owns 3,274 shares of the data storage provider's stock valued at $359,000 after acquiring an additional 209 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Seagate Technology by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 10,877 shares of the data storage provider's stock valued at $1,191,000 after purchasing an additional 402 shares during the period. Commerce Bank lifted its position in Seagate Technology by 6.4% in the third quarter. Commerce Bank now owns 4,070 shares of the data storage provider's stock worth $446,000 after purchasing an additional 245 shares during the period. Advisors Asset Management Inc. boosted its stake in Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after buying an additional 258 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Seagate Technology by 25.1% in the 3rd quarter. Cerity Partners LLC now owns 35,794 shares of the data storage provider's stock valued at $3,921,000 after buying an additional 7,177 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
STX has been the subject of several analyst reports. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Northland Securities restated an "outperform" rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Mizuho cut their price target on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Wedbush reiterated an "outperform" rating and issued a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.00.
View Our Latest Analysis on STX
Seagate Technology Stock Down 2.9 %
Shares of NASDAQ STX traded down $2.58 during trading hours on Friday, hitting $84.92. The company had a trading volume of 1,886,123 shares, compared to its average volume of 2,622,783. The stock has a market capitalization of $17.98 billion, a P/E ratio of 15.52 and a beta of 1.01. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The firm's 50 day moving average is $95.71 and its 200-day moving average is $98.31.
Seagate Technology Announces Dividend
The firm 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. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.39%. Seagate Technology's dividend payout ratio is presently 52.65%.
Seagate Technology Company 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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