Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 16.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,106 shares of the data storage provider’s stock after acquiring an additional 160 shares during the period. Assetmark Inc.’s holdings in Seagate Technology were worth $95,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Seagate Technology by 133.8% during the third quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock worth $18,834,000 after acquiring an additional 98,418 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Seagate Technology by 9.5% during the fourth 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Seagate Technology by 341.7% during 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 buying an additional 1,012,638 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in Seagate Technology by 87.9% during the fourth 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 during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Seagate Technology by 9.9% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $87.90 on Friday. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The stock has a market capitalization of $18.61 billion, a price-to-earnings ratio of 16.07 and a beta of 1.01. The stock has a fifty day moving average of $96.32 and a 200-day moving average of $99.12.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.28%. Seagate Technology’s payout ratio is 52.65%.

Analysts Set New Price Targets

STX has been the topic of several research analyst reports. Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Wednesday, January 22nd. Morgan Stanley lowered their price target 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. StockNews.com downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Susquehanna raised their price target on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.56.

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.