Mission Wealth Management LP Purchases 3,130 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Mission Wealth Management LP boosted its position in Seagate Technology Holdings plc (NASDAQ:STX) by 147.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,251 shares of the data storage provider’s stock after buying an additional 3,130 shares during the quarter. Mission Wealth Management LP’s holdings in Seagate Technology were worth $453,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Seagate Technology during the third quarter valued at $26,000. Advisors Asset Management Inc. increased its holdings 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 valued at $44,000 after acquiring an additional 258 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings 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 valued at $46,000 after acquiring an additional 113 shares in the last quarter. Human Investing LLC bought a new position in shares of Seagate Technology during the fourth quarter valued at $48,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Seagate Technology during the third quarter valued at $53,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $92.43 on Thursday. The stock has a market capitalization of $19.57 billion, a price-to-earnings ratio of 16.90 and a beta of 1.07. The stock’s 50-day simple moving average is $96.37 and its two-hundred day simple moving average is $99.93. 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 company 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. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.12%. Seagate Technology’s payout ratio is 52.65%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STX. StockNews.com downgraded Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday, February 28th. The Goldman Sachs Group reduced their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Rosenblatt Securities raised their price target on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.56.

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.