Seagate Technology Holdings plc (NASDAQ:STX) Stock Holdings Increased by Mindset Wealth Management LLC

Mindset Wealth Management LLC lifted its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 6.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,342 shares of the data storage provider’s stock after acquiring an additional 418 shares during the quarter. Mindset Wealth Management LLC’s holdings in Seagate Technology were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in STX. Advisors Asset Management Inc. lifted its position in shares of Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 113 shares in the last quarter. Human Investing LLC bought a new position in Seagate Technology during the fourth quarter valued at approximately $48,000. Harvest Fund Management Co. Ltd bought a new position in Seagate Technology during the third quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Seagate Technology during the third quarter valued at approximately $54,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Rosenblatt Securities raised their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities reaffirmed an “outperform” rating and set a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Citigroup lowered their price target on Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday. The Goldman Sachs Group lowered their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Stock Down 0.6 %

Seagate Technology stock opened at $88.38 on Friday. The stock has a 50-day simple moving average of $96.33 and a 200 day simple moving average of $98.84. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The stock has a market capitalization of $18.71 billion, a price-to-earnings ratio of 16.16 and a beta of 1.01.

Seagate Technology Dividend Announcement

The firm also recently declared 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 is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.26%. Seagate Technology’s dividend payout ratio is 52.65%.

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.