Rhumbline Advisers boosted its stake in Seagate Technology Holdings plc (NASDAQ:STX – Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,876 shares of the data storage provider’s stock after purchasing an additional 4,006 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Seagate Technology worth $13,216,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Corrado Advisors LLC bought a new stake in shares of Seagate Technology during the 4th quarter valued at about $26,000. Financial Management Professionals Inc. bought a new stake in shares of Seagate Technology during the 1st quarter valued at about $26,000. CI Investments Inc. boosted its position in shares of Seagate Technology by 102.2% during the 4th quarter. CI Investments Inc. now owns 540 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Seagate Technology during the 4th quarter valued at about $28,000. Finally, State of Wyoming bought a new stake in shares of Seagate Technology during the 4th quarter valued at about $36,000. Institutional investors own 85.26% of the company’s stock.
Seagate Technology Stock Performance
STX opened at $73.70 on Friday. Seagate Technology Holdings plc has a 52-week low of $47.47 and a 52-week high of $74.51. The stock has a market capitalization of $15.28 billion, a PE ratio of -28.90 and a beta of 1.10. The stock’s 50 day moving average price is $63.75 and its 200-day moving average price is $62.80.
Seagate Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 26th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, September 25th. This represents a $2.80 annualized dividend and a dividend yield of 3.80%. Seagate Technology’s dividend payout ratio is presently -109.80%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on STX. Bank of America dropped their price target on Seagate Technology from $71.00 to $70.00 in a research report on Thursday, June 8th. StockNews.com raised Seagate Technology from a “sell” rating to a “hold” rating in a report on Tuesday. Rosenblatt Securities decreased their price objective on Seagate Technology from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, July 27th. Mizuho decreased their price objective on Seagate Technology from $69.00 to $66.00 in a report on Thursday, July 27th. Finally, Summit Insights cut Seagate Technology from a “buy” rating to a “sell” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.05.
Check Out Our Latest Stock Analysis on STX
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.
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