Aufman Associates Inc Cuts Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Aufman Associates Inc trimmed its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,126 shares of the data storage provider’s stock after selling 11,298 shares during the quarter. Seagate Technology comprises 4.9% of Aufman Associates Inc’s portfolio, making the stock its 4th largest holding. Aufman Associates Inc’s holdings in Seagate Technology were worth $7,261,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allstate Corp acquired a new position in Seagate Technology during the 4th quarter valued at about $538,000. DnB Asset Management AS increased its stake in shares of Seagate Technology by 15.3% during the fourth quarter. DnB Asset Management AS now owns 37,452 shares of the data storage provider’s stock valued at $3,232,000 after acquiring an additional 4,981 shares during the period. Alerus Financial NA raised its holdings in Seagate Technology by 2.4% during the fourth quarter. Alerus Financial NA now owns 57,174 shares of the data storage provider’s stock worth $4,935,000 after purchasing an additional 1,321 shares in the last quarter. Level Four Advisory Services LLC lifted its position in Seagate Technology by 4.1% in the fourth quarter. Level Four Advisory Services LLC now owns 3,343 shares of the data storage provider’s stock worth $289,000 after purchasing an additional 131 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in Seagate Technology by 13.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 119,528 shares of the data storage provider’s stock valued at $10,316,000 after purchasing an additional 14,100 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $84.92 on Friday. The stock has a 50-day simple moving average of $95.71 and a 200-day simple moving average of $98.34. 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 cap of $17.98 billion, a price-to-earnings ratio of 15.52 and a beta of 1.01.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.39%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is 52.65%.

Analysts Set New Price Targets

STX has been the topic of several research reports. Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Citigroup dropped their target price on shares of Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Mizuho reduced their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Morgan Stanley dropped their price target on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Wedbush reissued an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.