Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 735 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 44,978 shares of the data storage provider’s stock after selling 735 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Seagate Technology were worth $3,882,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position in Seagate Technology by 177.9% during the 3rd 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 during the period. JFS Wealth Advisors LLC increased its position in 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. Human Investing LLC purchased a new position in Seagate Technology during the 4th quarter valued at about $48,000. Harvest Fund Management Co. Ltd purchased a new position in Seagate Technology during the 3rd quarter valued at about $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology during the 3rd quarter valued at about $54,000. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on STX shares. Cantor Fitzgerald reissued a “neutral” rating and set a $120.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Rosenblatt Securities raised their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley lowered their price target on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered their price target on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Seagate Technology Stock Down 0.1 %

Seagate Technology stock opened at $88.27 on Monday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 16.14 and a beta of 1.01. The company has a fifty day simple moving average of $96.32 and a 200-day simple moving average of $98.76.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

Seagate Technology 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.