Sound View Wealth Advisors Group LLC Takes $1.19 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Sound View Wealth Advisors Group LLC purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,796 shares of the data storage provider's stock, valued at approximately $1,191,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in Seagate Technology during the 3rd quarter worth approximately $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Seagate Technology by 341.7% during 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 worth $143,370,000 after buying an additional 1,012,638 shares during the period. State Street Corp increased its stake in Seagate Technology by 6.8% during the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock worth $937,081,000 after buying an additional 541,585 shares during the period. National Pension Service purchased a new stake in Seagate Technology during the 4th quarter worth approximately $43,436,000. Finally, Los Angeles Capital Management LLC increased its stake in Seagate Technology by 176.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider's stock worth $64,007,000 after buying an additional 473,484 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on STX shares. Benchmark raised shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research report on Wednesday, January 22nd. Morgan Stanley dropped their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Wedbush reissued an "outperform" rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, UBS Group increased their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Seagate Technology has an average rating of "Moderate Buy" and an average price target of $122.56.

Remove Ads

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $88.00 on Monday. The stock has a market cap of $18.63 billion, a P/E ratio of 16.09 and a beta of 1.01. The firm has a fifty day moving average price of $96.34 and a 200 day moving average price of $99.67. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32.

Seagate Technology Dividend Announcement

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

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings plc (NASDAQ:STX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.