Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by Swiss National Bank

Swiss National Bank raised its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 594,600 shares of the data storage provider’s stock after purchasing an additional 2,600 shares during the quarter. Swiss National Bank owned about 0.28% of Seagate Technology worth $51,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after acquiring an additional 258 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 113 shares during the period. Human Investing LLC purchased a new position in shares of Seagate Technology in the fourth quarter worth about $48,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Seagate Technology during the third quarter worth about $53,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Seagate Technology in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on STX shares. Bank of America decreased their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday. Benchmark raised shares of 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. StockNews.com lowered Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Morgan Stanley lowered 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, Citigroup lifted their price target on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $121.56.

Seagate Technology Trading Up 2.7 %

NASDAQ:STX opened at $87.90 on Friday. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The company has a market cap of $18.61 billion, a P/E ratio of 16.07 and a beta of 1.01. The company’s 50-day moving average price is $96.32 and its 200-day moving average price is $99.11.

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 given 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 3.28%. Seagate Technology’s dividend payout ratio (DPR) 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.