Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,373 shares of the data storage provider’s stock after buying an additional 2,182 shares during the period. Ritholtz Wealth Management’s holdings in Seagate Technology were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STX. Assenagon Asset Management S.A. lifted its stake in shares of Seagate Technology by 2.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 9,251 shares of the data storage provider’s stock worth $790,000 after buying an additional 207 shares during the period. Artemis Investment Management LLP grew its stake in Seagate Technology by 125.9% during the 4th quarter. Artemis Investment Management LLP now owns 246,832 shares of the data storage provider’s stock valued at $21,071,000 after purchasing an additional 137,548 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Seagate Technology in the 4th quarter worth approximately $287,000. Windward Capital Management Co. CA lifted its holdings in shares of Seagate Technology by 0.7% in the 4th quarter. Windward Capital Management Co. CA now owns 60,940 shares of the data storage provider’s stock valued at $5,202,000 after buying an additional 446 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Seagate Technology by 17.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 81,627 shares of the data storage provider’s stock valued at $6,969,000 after buying an additional 12,047 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STX has been the subject of a number of recent analyst reports. StockNews.com upgraded Seagate Technology from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Bank of America upped their price objective on shares of Seagate Technology from $80.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. TD Cowen raised their target price on Seagate Technology from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Cantor Fitzgerald reiterated a “neutral” rating and set a $95.00 price target on shares of Seagate Technology in a report on Monday, March 4th. Finally, Wells Fargo & Company upped their target price 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. Two research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.17.

Seagate Technology Trading Down 1.6 %

NASDAQ:STX opened at $93.05 on Friday. Seagate Technology Holdings plc has a 1 year low of $54.32 and a 1 year high of $101.26. The stock has a fifty day moving average price of $89.35 and a two-hundred day moving average price of $79.53.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.56 billion. Equities analysts anticipate that Seagate Technology Holdings plc will post -0.17 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.01%. Seagate Technology’s dividend payout ratio is presently -80.00%.

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.