Vanguard Group Inc. grew its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,974,117 shares of the data storage provider's stock after acquiring an additional 1,814,821 shares during the quarter. Vanguard Group Inc. owned 13.21% of Seagate Technology worth $2,414,446,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of STX. Stevens Capital Management LP acquired a new stake in shares of Seagate Technology during the 4th quarter valued at about $705,000. LPL Financial LLC boosted its stake in shares of Seagate Technology by 6.9% in the 4th quarter. LPL Financial LLC now owns 169,918 shares of the data storage provider's stock valued at $14,666,000 after purchasing an additional 10,894 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Seagate Technology in the 4th quarter worth about $1,019,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Seagate Technology during the 4th quarter worth about $5,717,000. Finally, American Century Companies Inc. lifted its holdings in Seagate Technology by 0.9% during the 4th quarter. American Century Companies Inc. now owns 29,099 shares of the data storage provider's stock valued at $2,512,000 after purchasing an additional 246 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.
Seagate Technology Stock Up 0.0 %
Shares of NASDAQ:STX traded up $0.03 during mid-day trading on Monday, reaching $84.95. 2,628,617 shares of the stock were exchanged, compared to its average volume of 2,622,807. The company has a market cap of $17.98 billion, a P/E ratio of 15.53 and a beta of 1.01. The stock's 50 day simple moving average is $95.45 and its 200-day simple moving average is $98.17. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.
Seagate Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is currently 52.65%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on STX. Morgan Stanley dropped their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Northland Securities reiterated an "outperform" rating and set a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. The Goldman Sachs Group reduced their price target on Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. UBS Group upped their price objective on Seagate Technology from $95.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.00.
Get Our Latest Stock Analysis on STX
Seagate Technology Profile
(
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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