Proficio Capital Partners LLC Makes New $1.07 Million Investment in Seagate Technology Holdings plc (NASDAQ:STX)

Proficio Capital Partners LLC bought a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,342 shares of the data storage provider's stock, valued at approximately $1,065,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd raised its position in Seagate Technology by 56.7% during the 4th quarter. Central Asset Investments & Management Holdings HK Ltd now owns 11,056 shares of the data storage provider's stock valued at $954,000 after purchasing an additional 4,000 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of Seagate Technology by 1.0% in the 4th quarter. New York Life Investment Management LLC now owns 31,408 shares of the data storage provider's stock valued at $2,711,000 after acquiring an additional 308 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Seagate Technology by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,098 shares of the data storage provider's stock valued at $1,562,000 after acquiring an additional 120 shares during the period. National Pension Service purchased a new position in shares of Seagate Technology in the 4th quarter valued at $43,436,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Seagate Technology by 176.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider's stock valued at $64,007,000 after acquiring an additional 473,484 shares during the period. 92.87% of the stock is owned by institutional investors.

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Seagate Technology Stock Up 1.6 %

Shares of STX stock traded up $1.36 on Friday, hitting $88.00. The company had a trading volume of 4,617,712 shares, compared to its average volume of 3,455,525. The firm has a market cap of $18.63 billion, a P/E ratio of 16.09 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 company has a 50-day moving average price of $96.34 and a 200-day moving average price of $99.70.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.27%. Seagate Technology's payout ratio is 52.65%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Northland Securities restated an "outperform" rating and set a $160.00 target price (up from $144.00) on shares of Seagate Technology in a research note 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. Cantor Fitzgerald reiterated a "neutral" rating and set a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. One equities 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.