New York State Common Retirement Fund Sells 22,725 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

New York State Common Retirement Fund lessened its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 37.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,449 shares of the data storage provider's stock after selling 22,725 shares during the quarter. New York State Common Retirement Fund's holdings in Seagate Technology were worth $3,232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sanders Capital LLC raised its holdings in shares of Seagate Technology by 0.9% during the 3rd quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider's stock valued at $1,792,742,000 after buying an additional 150,115 shares in the last quarter. State Street Corp raised its position in Seagate Technology by 6.8% in the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock worth $937,081,000 after purchasing an additional 541,585 shares during the period. Geode Capital Management LLC lifted its stake in Seagate Technology by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider's stock worth $454,477,000 after purchasing an additional 318,416 shares during the last quarter. Franklin Resources Inc. boosted its position in Seagate Technology by 29.5% during the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider's stock valued at $197,844,000 after buying an additional 405,232 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Seagate Technology by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,920 shares of the data storage provider's stock valued at $145,447,000 after buying an additional 73,267 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

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Seagate Technology Trading Down 3.6 %

Shares of NASDAQ:STX traded down $3.59 during midday trading on Tuesday, hitting $96.47. The company had a trading volume of 3,440,760 shares, compared to its average volume of 3,248,382. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 17.57 and a beta of 1.07. The firm has a fifty day simple moving average of $96.18 and a 200 day simple moving average of $100.04.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 2.99%. Seagate Technology's payout ratio is 52.65%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STX. Cantor Fitzgerald reiterated a "neutral" rating and issued a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Susquehanna lifted their price objective on Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research note on Wednesday, January 22nd. Barclays boosted their price target on Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 22nd. Bank of America upped their price objective on Seagate Technology from $124.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, Northland Securities reaffirmed an "outperform" rating and issued a $160.00 target price (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.56.

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.