Seagate Technology Holdings plc (NASDAQ:STX) Position Increased by Atria Investments Inc

Atria Investments Inc raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,908 shares of the data storage provider’s stock after buying an additional 255 shares during the period. Atria Investments Inc’s holdings in Seagate Technology were worth $424,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in Seagate Technology by 133.8% in the 3rd quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock worth $18,834,000 after buying an additional 98,418 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Seagate Technology by 9.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider’s stock worth $4,215,000 after buying an additional 4,229 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Seagate Technology by 341.7% in the 3rd 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 buying an additional 1,012,638 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in Seagate Technology by 87.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider’s stock worth $740,000 after buying an additional 4,014 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Seagate Technology by 9.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider’s stock worth $7,360,000 after buying an additional 7,599 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Trading Up 2.7 %

Shares of NASDAQ STX opened at $87.90 on Monday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The company has a 50-day moving average of $96.32 and a two-hundred day moving average of $99.11. The company has a market cap of $18.61 billion, a PE ratio of 16.07 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. Stockholders 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 3.28%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is 52.65%.

Analysts Set New Price Targets

A number of research firms have issued reports on STX. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Wednesday, January 22nd. UBS Group increased their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Citigroup increased their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Barclays increased their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley dropped their price target on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.56.

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.