Natixis Advisors LLC reduced its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,896 shares of the data storage provider's stock after selling 6,221 shares during the quarter. Natixis Advisors LLC's holdings in Seagate Technology were worth $5,515,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of STX. Advisors Asset Management Inc. increased its stake in Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock valued at $44,000 after acquiring an additional 258 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 113 shares during the last quarter. Human Investing LLC purchased a new position in shares of Seagate Technology during the 4th quarter valued at about $48,000. Harvest Fund Management Co. Ltd bought a new stake in Seagate Technology in the 3rd quarter worth approximately $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at $54,000. Institutional investors own 92.87% of the company's stock.
Seagate Technology Price Performance
Seagate Technology stock traded down $0.83 during mid-day trading on Tuesday, reaching $87.96. The stock had a trading volume of 3,153,974 shares, compared to its average volume of 2,591,851. The company has a 50-day moving average price of $96.25 and a two-hundred day moving average price of $98.61. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of 16.08 and a beta of 1.01. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.
Seagate Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid 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 3.27%. Seagate Technology's dividend payout ratio is 52.65%.
Analysts Set New Price Targets
Several brokerages recently weighed in on STX. Morgan Stanley dropped their target price on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Barclays lifted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, January 22nd. Citigroup decreased their price objective on shares of Seagate Technology from $125.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. The Goldman Sachs Group cut their target price on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Finally, Benchmark upgraded Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a report 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.00.
Check Out Our Latest Stock Analysis on Seagate Technology
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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