Vanguard Group Inc. Purchases 1,814,821 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Vanguard Group Inc. raised its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,974,117 shares of the data storage provider’s stock after purchasing an additional 1,814,821 shares during the period. Vanguard Group Inc. owned approximately 0.13% of Seagate Technology worth $2,414,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of Seagate Technology during the 3rd quarter worth $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Seagate Technology by 341.7% in 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 stake in shares of Seagate Technology by 6.8% in the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock valued at $937,081,000 after purchasing an additional 541,585 shares in the last quarter. National Pension Service acquired a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $43,436,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Seagate Technology by 176.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock valued at $64,007,000 after purchasing an additional 473,484 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on STX shares. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Rosenblatt Securities raised their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley reduced their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Mizuho dropped their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Northland Securities restated an “outperform” rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $87.63 on Thursday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The business’s 50 day simple moving average is $96.12 and its two-hundred day simple moving average is $98.53. The firm has a market cap of $18.55 billion, a P/E ratio of 16.02 and a beta of 1.01.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.29%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Seagate Technology Company 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.