Swiss National Bank Raises Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Swiss National Bank raised its position in Seagate Technology Holdings plc (NASDAQ:STX) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 594,600 shares of the data storage provider’s stock after purchasing an additional 2,600 shares during the quarter. Swiss National Bank’s holdings in Seagate Technology were worth $51,320,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Berkshire Bank lifted its holdings in Seagate Technology by 2.6% in the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after acquiring an additional 103 shares during the last quarter. MWA Asset Management lifted its stake in shares of Seagate Technology by 0.5% in the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after purchasing an additional 104 shares during the last quarter. JFS Wealth Advisors LLC grew 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 worth $46,000 after purchasing an additional 113 shares during the period. My Legacy Advisors LLC raised its holdings in Seagate Technology by 3.9% in the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after buying an additional 118 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in Seagate Technology by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,098 shares of the data storage provider’s stock valued at $1,562,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on STX. Rosenblatt Securities boosted their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald restated a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Barclays lifted their price objective on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. Morgan Stanley decreased their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $160.00 target price (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.56.

Seagate Technology Price Performance

Seagate Technology stock opened at $87.90 on Friday. The stock’s 50 day moving average price is $96.32 and its 200 day moving average price is $99.11. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The company has a market cap of $18.61 billion, a PE ratio of 16.07 and a beta of 1.01.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 3.28%. Seagate Technology’s dividend payout ratio is presently 52.65%.

Seagate Technology Company 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.