Generali Asset Management SPA SGR Makes New $2.06 Million Investment in Seagate Technology Holdings plc (NASDAQ:STX)

Generali Asset Management SPA SGR bought a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) during the 4th quarter, Holdings Channel reports. The firm bought 23,897 shares of the data storage provider’s stock, valued at approximately $2,063,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STX. Point72 Asset Management L.P. acquired a new stake in Seagate Technology during the third quarter worth approximately $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Seagate Technology by 341.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock worth $143,370,000 after acquiring an additional 1,012,638 shares during the last quarter. State Street Corp boosted its position in Seagate Technology by 6.8% during the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after acquiring an additional 541,585 shares during the last quarter. National Pension Service acquired a new stake in Seagate Technology during the fourth quarter worth approximately $43,436,000. Finally, Los Angeles Capital Management LLC boosted its position in Seagate Technology by 176.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock worth $64,007,000 after acquiring an additional 473,484 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STX has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Susquehanna increased their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research note on Wednesday, January 22nd. Citigroup cut their price target on shares of Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Seagate Technology Trading Up 0.3 %

STX opened at $88.93 on Thursday. The company has a fifty day simple moving average of $96.34 and a 200 day simple moving average of $98.92. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 16.26 and a beta of 1.01. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 yield of 3.24%. The ex-dividend date of this dividend 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.