Amundi Has $39.21 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Amundi increased its position in Seagate Technology Holdings plc (NASDAQ:STX) by 138.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,065 shares of the data storage provider’s stock after buying an additional 256,419 shares during the period. Amundi owned 0.21% of Seagate Technology worth $39,207,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in STX. Lifeworks Advisors LLC lifted its position in Seagate Technology by 8.9% in the 4th quarter. Lifeworks Advisors LLC now owns 7,207 shares of the data storage provider’s stock valued at $622,000 after acquiring an additional 586 shares in the last quarter. Blankinship & Foster LLC bought a new position in Seagate Technology in the 4th quarter valued at about $222,000. Machina Capital S.A.S. lifted its position in Seagate Technology by 130.6% in the 4th quarter. Machina Capital S.A.S. now owns 14,204 shares of the data storage provider’s stock valued at $1,226,000 after acquiring an additional 8,044 shares in the last quarter. Andra AP fonden lifted its position in Seagate Technology by 281.3% in the 4th quarter. Andra AP fonden now owns 262,300 shares of the data storage provider’s stock valued at $22,639,000 after acquiring an additional 193,500 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its position in Seagate Technology by 49.2% in the 4th quarter. E Fund Management Co. Ltd. now owns 4,288 shares of the data storage provider’s stock valued at $370,000 after acquiring an additional 1,414 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STX. Benchmark raised shares of 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. Northland Securities reissued an “outperform” rating and set a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Barclays lifted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities lifted their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

Seagate Technology Trading Down 0.3 %

Seagate Technology stock opened at $86.73 on Thursday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 15.86 and a beta of 1.01. The firm has a 50 day simple moving average of $96.36 and a 200 day simple moving average of $99.34.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid 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 3.32%. Seagate Technology’s dividend payout ratio is 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.