Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in Seagate Technology Holdings plc (NASDAQ:STX) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,757 shares of the data storage provider’s stock after acquiring an additional 381 shares during the period. Commonwealth Equity Services LLC’s holdings in Seagate Technology were worth $7,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in STX. Advisors Asset Management Inc. lifted its stake 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 worth $44,000 after buying an additional 258 shares during the period. JFS Wealth Advisors LLC lifted its stake 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 worth $46,000 after buying an additional 113 shares during the period. Human Investing LLC acquired a new stake in shares of Seagate Technology during the fourth quarter worth $48,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Seagate Technology during the third quarter worth $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Seagate Technology during the third quarter valued at $54,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Citigroup decreased their target price on shares of Seagate Technology from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday. 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. Finally, StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.00.

Seagate Technology Stock Down 0.6 %

STX stock opened at $88.38 on Friday. The stock has a market capitalization of $18.71 billion, a P/E ratio of 16.16 and a beta of 1.01. The firm has a 50-day simple moving average of $96.33 and a 200-day simple moving average of $98.84. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32.

Seagate Technology Announces Dividend

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 dividend of $0.72 per share. 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 3.26%. Seagate Technology’s dividend payout ratio is currently 52.65%.

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.