Sciencast Management LP trimmed its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 63.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,024 shares of the data storage provider's stock after selling 8,837 shares during the quarter. Sciencast Management LP's holdings in Seagate Technology were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after acquiring an additional 258 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Seagate Technology in the third quarter worth $53,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Seagate Technology in the third quarter worth about $54,000. Brooklyn Investment Group acquired a new stake in shares of Seagate Technology in the third quarter worth about $56,000. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after acquiring an additional 113 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.
Seagate Technology Price Performance
Shares of NASDAQ STX traded down $1.20 during midday trading on Tuesday, reaching $87.59. 1,907,568 shares of the stock were exchanged, compared to its average volume of 2,588,825. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The business has a 50-day simple moving average of $96.32 and a two-hundred day simple moving average of $98.68. The company has a market capitalization of $18.54 billion, a price-to-earnings ratio of 16.01 and a beta of 1.01.
Seagate Technology Dividend Announcement
The firm 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 dividend on an annualized basis and a yield of 3.29%. Seagate Technology's payout ratio is 52.65%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on STX shares. Benchmark upgraded Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a report on Wednesday, January 22nd. Mizuho decreased their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Barclays boosted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered their price target on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.00.
Check Out Our Latest Research Report on STX
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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