Proficio Capital Partners LLC Takes Position in Seagate Technology Holdings plc (NASDAQ:STX)

Proficio Capital Partners LLC acquired a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,342 shares of the data storage provider's stock, valued at approximately $1,065,000.

Several other large investors have also made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Seagate Technology by 9.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider's stock valued at $4,215,000 after purchasing an additional 4,229 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Seagate Technology by 341.7% during the 3rd 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 acquiring an additional 1,012,638 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of Seagate Technology by 87.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider's stock valued at $740,000 after purchasing an additional 4,014 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Seagate Technology by 9.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider's stock worth $7,360,000 after purchasing an additional 7,599 shares during the period. Finally, Rheos Capital Works Inc. boosted its position in Seagate Technology by 2.5% during the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider's stock worth $28,612,000 after purchasing an additional 8,000 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

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Seagate Technology Stock Down 0.9 %

Shares of NASDAQ:STX traded down $0.83 during midday trading on Tuesday, reaching $87.96. The company's stock had a trading volume of 3,153,929 shares, compared to its average volume of 2,588,825. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 16.08 and a beta of 1.01. The business has a 50 day moving average price of $96.32 and a 200 day moving average price of $98.68. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32.

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 of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.27%. Seagate Technology's payout ratio is 52.65%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Northland Securities reiterated an "outperform" rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Wedbush restated an "outperform" rating and set a $150.00 target price on shares of Seagate Technology in a report on Wednesday, January 22nd. Barclays increased their price target on Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 22nd. Mizuho lowered their price target on Seagate Technology from $130.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Finally, StockNews.com cut Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.

Seagate Technology Company Profile

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.