Flputnam Investment Management Co. Invests $417,000 in Seagate Technology Holdings plc (NASDAQ:STX)

Flputnam Investment Management Co. acquired a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,836 shares of the data storage provider’s stock, valued at approximately $417,000.

Several other institutional investors have also added to or reduced their stakes in STX. Ashton Thomas Securities LLC acquired a new position in Seagate Technology during the 3rd quarter worth approximately $26,000. Advisors Asset Management Inc. lifted 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 worth $44,000 after purchasing an additional 258 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology during the third quarter worth $53,000. Wilmington Savings Fund Society FSB bought a new position in Seagate Technology in the third quarter valued at $54,000. Finally, Brooklyn Investment Group acquired a new stake in Seagate Technology in the 3rd quarter valued at $56,000. 92.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group increased their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Wednesday, January 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

Seagate Technology Trading Down 1.8 %

Seagate Technology stock opened at $100.06 on Tuesday. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 18.29 and a beta of 1.07. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The stock’s 50 day moving average is $96.18 and its 200-day moving average is $100.04.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 2.88%. 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.