Raymond James Financial Inc. purchased a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 266,028 shares of the data storage provider's stock, valued at approximately $22,961,000. Raymond James Financial Inc. owned approximately 0.13% of Seagate Technology as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in STX. Sanders Capital LLC lifted its stake in Seagate Technology by 0.9% in the 3rd quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider's stock worth $1,792,742,000 after purchasing an additional 150,115 shares in the last quarter. State Street Corp increased its holdings in shares of 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 purchasing an additional 541,585 shares during the last quarter. Geode Capital Management LLC lifted its position in Seagate Technology by 8.3% during 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 buying an additional 318,416 shares in the last quarter. Franklin Resources Inc. boosted its stake 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 worth $197,844,000 after buying an additional 405,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Seagate Technology by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider's stock valued at $117,632,000 after buying an additional 34,979 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.
Seagate Technology Stock Up 1.1 %
STX stock traded up $1.01 during midday trading on Wednesday, hitting $88.93. The company's stock had a trading volume of 1,667,055 shares, compared to its average volume of 3,357,928. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The firm has a 50-day simple moving average of $96.33 and a 200-day simple moving average of $98.99. The firm has a market capitalization of $18.83 billion, a P/E ratio of 16.26 and a beta of 1.01.
Seagate Technology Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.24%. Seagate Technology's payout ratio is 52.65%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. StockNews.com lowered shares of Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Northland Securities restated an "outperform" rating and set a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their target price on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.00.
Check Out Our Latest Research Report on Seagate Technology
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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