Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,880 shares of the data storage provider's stock after acquiring an additional 23,928 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Seagate Technology worth $16,906,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in STX. Ashton Thomas Securities LLC acquired a new position in shares of Seagate Technology during the third quarter valued at approximately $26,000. Advisors Asset Management Inc. raised its holdings in shares of Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider's stock valued at $44,000 after acquiring an additional 258 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after acquiring an additional 113 shares during the last quarter. Human Investing LLC acquired a new position in shares of Seagate Technology during the fourth quarter valued at approximately $48,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Seagate Technology during the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on STX shares. Wells Fargo & Company reduced their target price on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a 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. Susquehanna upped their price target on Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research report on Wednesday, January 22nd. Benchmark upgraded Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a research report on Wednesday, January 22nd. Finally, Barclays upped their price target on Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 22nd. One equities research 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. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.56.

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Seagate Technology Stock Performance

Shares of STX traded up $2.28 during midday trading on Friday, hitting $87.90. 2,261,080 shares of the stock were exchanged, compared to its average volume of 2,597,936. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The stock has a fifty day simple moving average of $96.32 and a 200 day simple moving average of $99.11. The firm has a market cap of $18.61 billion, a P/E ratio of 16.07 and a beta of 1.01.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 3.28%. Seagate Technology's dividend payout ratio is currently 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.