Aufman Associates Inc cut its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,126 shares of the data storage provider's stock after selling 11,298 shares during the period. Seagate Technology comprises about 4.9% of Aufman Associates Inc's portfolio, making the stock its 4th largest position. Aufman Associates Inc's holdings in Seagate Technology were worth $7,261,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Seagate Technology by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider's stock valued at $2,414,446,000 after buying an additional 1,814,821 shares during the period. Point72 Asset Management L.P. bought a new position in Seagate Technology during the 3rd quarter worth about $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Seagate Technology by 341.7% in 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 purchasing an additional 1,012,638 shares during the period. State Street Corp lifted 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 in the last quarter. Finally, National Pension Service bought a new position in shares of Seagate Technology during the fourth quarter worth about $43,436,000. Institutional investors and hedge funds own 92.87% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Benchmark upgraded Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a report on Wednesday, January 22nd. Citigroup dropped their price objective on Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Bank of America decreased their target price on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Mizuho dropped their price target on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. Finally, Susquehanna lifted their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $121.00.
Check Out Our Latest Report on STX
Seagate Technology Stock Performance
Shares of STX stock traded up $0.75 on Wednesday, hitting $85.29. The company's stock had a trading volume of 987,522 shares, compared to its average volume of 2,616,813. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The stock's 50 day moving average is $95.12 and its 200-day moving average is $98.05. The company has a market capitalization of $18.06 billion, a PE ratio of 15.59 and a beta of 1.01.
Seagate Technology Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.38%. Seagate Technology's payout ratio is 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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