Wealthfront Advisers LLC lessened its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,748 shares of the data storage provider's stock after selling 4,166 shares during the quarter. Wealthfront Advisers LLC's holdings in Seagate Technology were worth $4,121,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Independent Advisor Alliance increased its holdings in Seagate Technology by 4.9% in the fourth quarter. Independent Advisor Alliance now owns 16,471 shares of the data storage provider's stock valued at $1,422,000 after buying an additional 773 shares during the last quarter. Paragon Private Wealth Management LLC increased its holdings in shares of Seagate Technology by 4.7% in the 4th quarter. Paragon Private Wealth Management LLC now owns 3,359 shares of the data storage provider's stock valued at $290,000 after acquiring an additional 150 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Seagate Technology by 12.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 31,326 shares of the data storage provider's stock valued at $2,704,000 after acquiring an additional 3,353 shares during the last quarter. Sound View Wealth Advisors Group LLC acquired a new stake in shares of Seagate Technology during the 4th quarter worth about $1,191,000. Finally, Amundi lifted its stake in Seagate Technology by 138.1% during the fourth quarter. Amundi now owns 442,065 shares of the data storage provider's stock worth $39,207,000 after purchasing an additional 256,419 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have weighed in on STX. Barclays raised their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 22nd. Susquehanna boosted their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research report on Wednesday, January 22nd. Northland Securities reaffirmed an "outperform" rating and set a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, Benchmark upgraded Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.56.
Get Our Latest Analysis on Seagate Technology
Seagate Technology Stock Performance
NASDAQ:STX traded up $2.61 during mid-day trading on Monday, reaching $90.51. The stock had a trading volume of 2,948,527 shares, compared to its average volume of 2,599,337. The business has a 50 day simple moving average of $96.32 and a 200 day simple moving average of $99.11. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The firm has a market capitalization of $19.16 billion, a price-to-earnings ratio of 16.55 and a beta of 1.01.
Seagate Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.18%. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.
About Seagate Technology
(
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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