Mutual of America Capital Management LLC Sells 516 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Mutual of America Capital Management LLC cut its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,337 shares of the data storage provider’s stock after selling 516 shares during the period. Mutual of America Capital Management LLC’s holdings in Seagate Technology were worth $2,187,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in STX. Ashton Thomas Securities LLC purchased a new position in shares of Seagate Technology in the 3rd quarter worth about $26,000. Advisors Asset Management Inc. boosted its stake in Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after buying an additional 258 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after buying an additional 113 shares in the last quarter. Human Investing LLC bought a new position in Seagate Technology during the fourth quarter valued at approximately $48,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Seagate Technology during the third quarter worth approximately $53,000. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on STX shares. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Wednesday, January 22nd. Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Barclays boosted their target price on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. Citigroup increased their target price on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, StockNews.com cut Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $122.56.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $88.00 on Friday. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The company’s 50-day moving average is $96.34 and its 200 day moving average is $99.73. The stock has a market capitalization of $18.63 billion, a P/E ratio of 16.09 and a beta of 1.07.

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 given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is currently 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.