Primecap Management Co. CA lifted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 26.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 762,155 shares of the data storage provider's stock after acquiring an additional 160,735 shares during the period. Primecap Management Co. CA owned approximately 0.36% of Seagate Technology worth $65,782,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of STX. Point72 Asset Management L.P. purchased a new stake in shares of Seagate Technology during the third quarter worth about $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Seagate Technology by 341.7% in the third 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 buying an additional 1,012,638 shares during the last quarter. State Street Corp boosted its position in Seagate Technology by 6.8% in the third 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 purchased a new stake in Seagate Technology in the fourth quarter valued at approximately $43,436,000. Finally, Los Angeles Capital Management LLC boosted its position in 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 valued at $64,007,000 after buying an additional 473,484 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.
Seagate Technology Stock Down 0.1 %
Shares of STX stock traded down $0.11 during trading hours on Friday, hitting $88.27. 2,575,978 shares of the company's stock were exchanged, compared to its average volume of 2,591,937. The firm has a market cap of $18.69 billion, a P/E ratio of 16.14 and a beta of 1.01. The firm has a 50 day moving average of $96.32 and a two-hundred day moving average of $98.76. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32.
Seagate Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.26%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's dividend payout ratio is currently 52.65%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on STX. Citigroup dropped their target price on Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday. Wedbush reiterated an "outperform" rating and issued a $150.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Bank of America dropped their target price on Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Finally, Northland Securities restated an "outperform" rating and issued a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research 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 issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.00.
Get Our Latest Analysis on STX
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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