Metis Global Partners LLC Trims Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Metis Global Partners LLC cut its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 26.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,089 shares of the data storage provider’s stock after selling 2,574 shares during the quarter. Metis Global Partners LLC’s holdings in Seagate Technology were worth $612,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in STX. Ashton Thomas Securities LLC purchased a new position in shares of Seagate Technology in the third quarter valued at $26,000. Advisors Asset Management Inc. grew its position in shares of Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC grew its position in shares of Seagate Technology by 27.0% in the fourth 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 in the last quarter. Human Investing LLC purchased a new position in shares of Seagate Technology in the fourth quarter valued at $48,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Seagate Technology in the third quarter valued at $53,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Down 1.8 %

Shares of STX stock opened at $92.43 on Thursday. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The business has a 50-day moving average price of $96.37 and a two-hundred day moving average price of $99.93. The firm has a market cap of $19.57 billion, a P/E ratio of 16.90 and a beta of 1.07.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on STX shares. Barclays lifted 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. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. The Goldman Sachs Group reduced their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Susquehanna boosted their target price on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $120.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

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.