Quantbot Technologies LP grew its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 174.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,292 shares of the data storage provider's stock after purchasing an additional 60,603 shares during the quarter. Quantbot Technologies LP's holdings in Seagate Technology were worth $8,225,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of STX. Crossmark Global Holdings Inc. raised its stake in shares of Seagate Technology by 2.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,734 shares of the data storage provider's stock valued at $1,176,000 after purchasing an additional 307 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Seagate Technology during the third quarter worth about $26,000. Apollon Wealth Management LLC raised its stake in Seagate Technology by 4.3% during the third quarter. Apollon Wealth Management LLC now owns 12,194 shares of the data storage provider's stock worth $1,336,000 after acquiring an additional 503 shares during the period. Entropy Technologies LP raised its stake in Seagate Technology by 42.2% during the third quarter. Entropy Technologies LP now owns 7,617 shares of the data storage provider's stock worth $834,000 after acquiring an additional 2,260 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Seagate Technology during the third quarter worth about $259,000. Institutional investors and hedge funds own 92.87% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on STX shares. The Goldman Sachs Group dropped their price objective 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. Bank of America dropped their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Northland Securities reiterated an "outperform" rating and set a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Wedbush reiterated an "outperform" rating and set a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, StockNews.com cut shares of Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.
Get Our Latest Report on STX
Seagate Technology Price Performance
Shares of Seagate Technology stock traded down $1.87 on Tuesday, hitting $88.64. The company had a trading volume of 2,204,814 shares, compared to its average volume of 2,597,658. The business has a 50-day simple moving average of $96.35 and a 200-day simple moving average of $99.06. The company has a market cap of $18.77 billion, a PE ratio of 16.20 and a beta of 1.01. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32.
Seagate Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.
About Seagate Technology
(
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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