Natixis Advisors LLC Sells 6,221 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Natixis Advisors LLC cut its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,896 shares of the data storage provider’s stock after selling 6,221 shares during the quarter. Natixis Advisors LLC’s holdings in Seagate Technology were worth $5,515,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in Seagate Technology in the 3rd quarter worth approximately $259,000. Empowered Funds LLC raised its holdings in Seagate Technology by 6.8% during the 3rd quarter. Empowered Funds LLC now owns 3,274 shares of the data storage provider’s stock valued at $359,000 after buying an additional 209 shares during the period. Mutual of America Capital Management LLC raised its holdings in Seagate Technology by 5.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 25,853 shares of the data storage provider’s stock valued at $2,832,000 after buying an additional 1,227 shares during the period. Thrivent Financial for Lutherans increased its stake in Seagate Technology by 3.8% in the third quarter. Thrivent Financial for Lutherans now owns 10,877 shares of the data storage provider’s stock worth $1,191,000 after purchasing an additional 402 shares during the period. Finally, Commerce Bank increased its stake in Seagate Technology by 6.4% in the third quarter. Commerce Bank now owns 4,070 shares of the data storage provider’s stock worth $446,000 after purchasing an additional 245 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Down 0.1 %

Shares of NASDAQ:STX opened at $88.27 on Friday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of 16.14 and a beta of 1.01. The business has a 50-day moving average price of $96.32 and a 200-day moving average price of $98.76.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Bank of America dropped their price objective on Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. 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 research report on Wednesday, January 22nd. Rosenblatt Securities raised their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, UBS Group raised their price objective on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.00.

About Seagate Technology

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.