Stevens Capital Management LP Makes New Investment in Seagate Technology Holdings plc (NASDAQ:STX)

Stevens Capital Management LP purchased a new position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,173 shares of the data storage provider's stock, valued at approximately $705,000.

A number of other institutional investors have also added to or reduced their stakes in STX. Advisors Asset Management Inc. grew its holdings in Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock worth $44,000 after purchasing an additional 258 shares during the period. JFS Wealth Advisors LLC raised its position in shares of Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after purchasing an additional 113 shares during the last quarter. Human Investing LLC bought a new position in Seagate Technology in the 4th quarter worth about $48,000. Harvest Fund Management Co. Ltd purchased a new stake in Seagate Technology during the 3rd quarter valued at about $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology in the third quarter worth about $54,000. Institutional investors own 92.87% of the company's stock.

Analyst Upgrades and Downgrades

STX has been the subject of several analyst reports. Northland Securities reissued an "outperform" rating and set a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company dropped their price objective on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. One research 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.00.

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Seagate Technology Stock Up 1.1 %

STX stock traded up $0.93 during mid-day trading on Thursday, hitting $88.56. The company had a trading volume of 294,375 shares, compared to its average volume of 2,569,919. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 16.20 and a beta of 1.01. The company has a 50-day moving average price of $96.12 and a 200 day moving average price of $98.53. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32.

Seagate Technology Dividend Announcement

The company 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 dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology's dividend 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.