US Bancorp DE Raises Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

US Bancorp DE boosted its position in Seagate Technology Holdings plc (NASDAQ:STX) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,085 shares of the data storage provider’s stock after acquiring an additional 577 shares during the period. US Bancorp DE’s holdings in Seagate Technology were worth $1,561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Seagate Technology in the 3rd quarter valued at $26,000. Advisors Asset Management Inc. lifted its holdings in shares of Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after acquiring an additional 258 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 113 shares in the last quarter. Human Investing LLC acquired a new position in shares of Seagate Technology during the 4th quarter valued at $48,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Seagate Technology during the 3rd quarter valued at $53,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays lifted 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. Morgan Stanley dropped their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, UBS Group boosted their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Trading Up 1.6 %

Shares of NASDAQ:STX opened at $88.00 on Friday. The company has a 50 day moving average of $96.34 and a 200-day moving average of $99.70. The firm has a market cap of $18.63 billion, a P/E ratio of 16.09 and a beta of 1.01. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 3.27%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is presently 52.65%.

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.