Steward Partners Investment Advisory LLC reduced its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 60.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,120 shares of the data storage provider's stock after selling 20,217 shares during the period. Steward Partners Investment Advisory LLC's holdings in Seagate Technology were worth $1,132,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of STX. Point72 Asset Management L.P. purchased a new stake in Seagate Technology during the 3rd quarter valued at approximately $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% during the third 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 worth $143,370,000 after purchasing an additional 1,012,638 shares during the last quarter. State Street Corp lifted its holdings in shares of Seagate Technology by 6.8% during the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock worth $937,081,000 after purchasing an additional 541,585 shares during the period. National Pension Service purchased a new position in Seagate Technology in the 4th quarter valued at $43,436,000. Finally, Los Angeles Capital Management LLC grew its position in Seagate Technology by 176.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider's stock valued at $64,007,000 after buying an additional 473,484 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
STX has been the subject of several recent analyst reports. Summit Insights upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Citigroup increased their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Barclays lifted their price objective on Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, January 22nd. Benchmark raised Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research note on Wednesday, January 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $150.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $122.56.
Get Our Latest Stock Analysis on STX
Seagate Technology Price Performance
Shares of STX opened at $88.00 on Monday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 16.09 and a beta of 1.01. The firm has a 50 day simple moving average of $96.34 and a 200-day simple moving average of $99.67.
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 given a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.27%. Seagate Technology's dividend payout ratio is currently 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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