Virtu Financial LLC bought a new stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,539 shares of the data storage provider's stock, valued at approximately $2,204,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of STX. Berkshire Bank grew its holdings in shares of Seagate Technology by 2.6% in the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock worth $355,000 after acquiring an additional 103 shares during the period. MWA Asset Management boosted its position in Seagate Technology by 0.5% in the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock worth $1,695,000 after purchasing an additional 104 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after purchasing an additional 113 shares during the period. Signaturefd LLC increased its position in shares of Seagate Technology by 2.3% during the 4th quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider's stock valued at $431,000 after purchasing an additional 113 shares during the last quarter. Finally, My Legacy Advisors LLC lifted its stake in shares of Seagate Technology by 3.9% in the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider's stock worth $294,000 after purchasing an additional 118 shares during the period. 92.87% of the stock is owned by institutional investors.
Analysts Set New Price Targets
STX has been the subject of a number of research reports. StockNews.com cut shares of Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, February 28th. UBS Group upped their price objective on Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Susquehanna lifted their target price on Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research report on Wednesday, January 22nd. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. One 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.00.
Get Our Latest Research Report on STX
Seagate Technology Stock Performance
Shares of STX traded down $1.20 during midday trading on Tuesday, hitting $87.59. 1,907,568 shares of the company traded hands, compared to its average volume of 2,588,825. The stock has a market cap of $18.54 billion, a price-to-earnings ratio of 16.01 and a beta of 1.01. The firm has a 50 day moving average of $96.32 and a 200-day moving average of $98.68. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week 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 3.29%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology's dividend payout ratio is presently 52.65%.
Seagate Technology Company Profile
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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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