Proficio Capital Partners LLC Purchases Shares of 12,342 Seagate Technology Holdings plc (NASDAQ:STX)

Proficio Capital Partners LLC purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,342 shares of the data storage provider’s stock, valued at approximately $1,065,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. GSA Capital Partners LLP acquired a new position in shares of Seagate Technology during the third quarter worth approximately $259,000. Empowered Funds LLC lifted its position in shares of Seagate Technology by 6.8% during the third quarter. Empowered Funds LLC now owns 3,274 shares of the data storage provider’s stock worth $359,000 after purchasing an additional 209 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Seagate Technology by 6.2% during the third quarter. Natixis Advisors LLC now owns 70,117 shares of the data storage provider’s stock worth $7,680,000 after purchasing an additional 4,094 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Seagate Technology by 5.0% during the third quarter. Mutual of America Capital Management LLC now owns 25,853 shares of the data storage provider’s stock worth $2,832,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Seagate Technology by 3.8% during the third quarter. Thrivent Financial for Lutherans now owns 10,877 shares of the data storage provider’s stock worth $1,191,000 after purchasing an additional 402 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $88.27 on Friday. The company has a 50 day moving average price of $96.32 and a two-hundred day moving average price of $98.76. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The company has a market capitalization of $18.69 billion, a PE ratio of 16.14 and a beta of 1.01.

Seagate Technology Dividend Announcement

The business also recently disclosed 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 3.26%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is 52.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STX. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Cantor Fitzgerald reissued a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Bank of America dropped their price target on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Barclays boosted 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, Rosenblatt Securities boosted their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

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.