Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Choate Investment Advisors

Choate Investment Advisors raised its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,998 shares of the data storage provider’s stock after acquiring an additional 219 shares during the period. Choate Investment Advisors’ holdings in Seagate Technology were worth $345,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake 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 buying an additional 258 shares during the period. JFS Wealth Advisors LLC grew its stake 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 buying an additional 113 shares during the period. Human Investing LLC purchased a new stake in shares of Seagate Technology during the 4th quarter valued at $48,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Seagate Technology during the 3rd quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology during the 3rd quarter valued at $54,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STX. Wells Fargo & Company lowered their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Rosenblatt Securities boosted their price objective 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. Citigroup upped their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 price target 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 issued a buy rating to the stock. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $121.56.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $90.51 on Tuesday. The firm has a market cap of $19.16 billion, a PE ratio of 16.55 and a beta of 1.01. The firm’s 50-day simple moving average is $96.35 and its 200-day simple moving average is $99.06. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 3.18%. Seagate Technology’s dividend payout ratio (DPR) 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.