Seagate Technology Holdings plc (NASDAQ:STX) Stake Lowered by Stonegate Investment Group LLC

Stonegate Investment Group LLC reduced its stake in shares of Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 11.4% during the 4th quarter, HoldingsChannel reports. The fund owned 4,963 shares of the data storage provider’s stock after selling 640 shares during the period. Stonegate Investment Group LLC’s holdings in Seagate Technology were worth $424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STX. CVA Family Office LLC purchased a new position in shares of Seagate Technology during the 4th quarter valued at $27,000. Parkside Financial Bank & Trust grew its holdings in shares of Seagate Technology by 85.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 205 shares in the last quarter. State of Wyoming bought a new stake in Seagate Technology in the fourth quarter worth $36,000. Exchange Traded Concepts LLC bought a new stake in Seagate Technology in the fourth quarter worth $43,000. Finally, CENTRAL TRUST Co boosted its holdings in Seagate Technology by 50.0% in the third quarter. CENTRAL TRUST Co now owns 900 shares of the data storage provider’s stock worth $48,000 after purchasing an additional 300 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Seagate Technology from $80.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Barclays upped their price target on shares of Seagate Technology from $65.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. BNP Paribas cut shares of Seagate Technology from a “neutral” rating to an “underperform” rating and set a $65.00 price target for the company. in a report on Thursday, January 11th. Wells Fargo & Company upped their price objective on shares of Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Finally, Rosenblatt Securities upped their price objective on shares of Seagate Technology from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Seagate Technology presently has an average rating of “Hold” and a consensus target price of $84.17.

Read Our Latest Stock Analysis on STX

Seagate Technology Stock Down 1.7 %

NASDAQ STX opened at $90.23 on Wednesday. The company has a 50 day moving average of $89.62 and a 200-day moving average of $80.34. Seagate Technology Holdings plc has a 1-year low of $54.32 and a 1-year high of $101.26.

Seagate Technology (NASDAQ:STXGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.19. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. Sell-side analysts expect that Seagate Technology Holdings plc will post 0.02 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.10%. Seagate Technology’s payout ratio is presently -80.00%.

About Seagate Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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