Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,040 shares of the data storage provider’s stock after buying an additional 1,736 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Seagate Technology were worth $1,212,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in STX. Sanders Capital LLC raised its stake in Seagate Technology by 0.9% in the third quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider’s stock valued at $1,792,742,000 after buying an additional 150,115 shares in the last quarter. State Street Corp increased its holdings in shares of Seagate Technology by 6.8% in the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock valued at $937,081,000 after acquiring an additional 541,585 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Seagate Technology by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock worth $454,477,000 after acquiring an additional 318,416 shares in the last quarter. Franklin Resources Inc. lifted its stake in Seagate Technology by 29.5% during the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock worth $197,844,000 after purchasing an additional 405,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Seagate Technology by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider’s stock valued at $117,632,000 after purchasing an additional 34,979 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 22nd. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group decreased their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $88.93 on Thursday. The company has a market cap of $18.83 billion, a P/E ratio of 16.26 and a beta of 1.01. The firm has a fifty day moving average of $96.34 and a two-hundred day moving average of $98.92. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend 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.