Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,780 shares of the data storage provider's stock after selling 13,023 shares during the period. Corient Private Wealth LLC's holdings in Seagate Technology were worth $1,794,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in STX. Choate Investment Advisors grew its holdings in Seagate Technology by 5.8% during the 4th quarter. Choate Investment Advisors now owns 3,998 shares of the data storage provider's stock valued at $345,000 after buying an additional 219 shares in the last quarter. Picton Mahoney Asset Management increased its holdings in shares of Seagate Technology by 16.6% in the 4th quarter. Picton Mahoney Asset Management now owns 22,850 shares of the data storage provider's stock worth $1,973,000 after buying an additional 3,250 shares during the last quarter. LBP AM SA raised its position in Seagate Technology by 211.1% during the fourth quarter. LBP AM SA now owns 118,238 shares of the data storage provider's stock valued at $10,205,000 after purchasing an additional 80,227 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Seagate Technology by 0.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 86,757 shares of the data storage provider's stock valued at $7,488,000 after purchasing an additional 381 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Seagate Technology by 28.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 126,147 shares of the data storage provider's stock valued at $10,916,000 after purchasing an additional 28,045 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STX shares. Benchmark raised shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a research note on Wednesday, January 22nd. Barclays upped their target price on Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald reissued a "neutral" rating and set a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Citigroup cut their price objective on Seagate Technology from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Finally, Mizuho decreased their target price on Seagate Technology from $130.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.

Seagate Technology Stock Down 0.9 %

Shares of Seagate Technology stock traded down $0.83 during trading hours on Tuesday, hitting $87.96. 3,153,974 shares of the company's stock traded hands, compared to its average volume of 2,588,825. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The company has a market cap of $18.62 billion, a PE ratio of 16.08 and a beta of 1.01. The stock has a 50 day simple moving average of $96.32 and a 200-day simple moving average of $98.68.

Seagate Technology Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.27%. Seagate Technology's dividend payout ratio (DPR) is 52.65%.

About Seagate Technology

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.