Tredje AP fonden Sells 15,622 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Tredje AP fonden cut its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,623 shares of the data storage provider's stock after selling 15,622 shares during the quarter. Tredje AP fonden's holdings in Seagate Technology were worth $1,348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in STX. Sanders Capital LLC increased its position in Seagate Technology by 0.9% during the third quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider's stock worth $1,792,742,000 after acquiring an additional 150,115 shares during the period. State Street Corp increased its position in 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 acquiring an additional 541,585 shares during the period. Geode Capital Management LLC increased its position in Seagate Technology by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider's stock worth $454,477,000 after acquiring an additional 318,416 shares during the period. Franklin Resources Inc. increased its position in Seagate Technology by 29.5% during the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider's stock worth $197,844,000 after acquiring an additional 405,232 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Seagate Technology by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider's stock worth $117,632,000 after acquiring an additional 34,979 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages recently issued reports on STX. Bank of America dropped their target price on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. The Goldman Sachs Group lowered their price target on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Wells Fargo & Company lowered their price target on shares of Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Rosenblatt Securities boosted their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, Mizuho lowered their price target on shares of Seagate Technology from $130.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Seagate Technology has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

Seagate Technology Trading Up 1.1 %

NASDAQ STX traded up $1.01 on Wednesday, hitting $88.93. 2,225,473 shares of the company were exchanged, compared to its average volume of 2,597,309. The firm has a 50 day moving average of $96.33 and a two-hundred day moving average of $98.99. The company has a market cap of $18.83 billion, a P/E ratio of 16.26 and a beta of 1.01. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.24%. Seagate Technology's dividend payout ratio (DPR) is 52.65%.

Seagate Technology Company 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.