Lbp Am Sa Boosts Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

LBP AM SA grew its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 211.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 118,238 shares of the data storage provider's stock after acquiring an additional 80,227 shares during the quarter. LBP AM SA owned about 0.06% of Seagate Technology worth $10,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berkshire Bank lifted its position in Seagate Technology by 2.6% in the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock worth $355,000 after buying an additional 103 shares during the last quarter. MWA Asset Management lifted its position in Seagate Technology by 0.5% in the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock worth $1,695,000 after buying an additional 104 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after buying an additional 113 shares during the last quarter. My Legacy Advisors LLC lifted its position in Seagate Technology by 3.9% in the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider's stock worth $294,000 after buying an additional 118 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Seagate Technology by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,098 shares of the data storage provider's stock worth $1,562,000 after buying an additional 120 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on STX shares. StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Susquehanna raised their price target on Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research note on Wednesday, January 22nd. Mizuho cut their price target on Seagate Technology from $130.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Cantor Fitzgerald restated a "neutral" rating and set a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Benchmark upgraded 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.

Seagate Technology Stock Up 1.1 %

Shares of Seagate Technology stock traded up $1.01 on Wednesday, reaching $88.93. 2,225,473 shares of the stock were exchanged, compared to its average volume of 2,597,309. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 16.26 and a beta of 1.01. The business has a 50 day moving average price of $96.33 and a two-hundred day moving average price of $98.99.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology's payout ratio is presently 52.65%.

Seagate Technology Profile

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.