Zurcher Kantonalbank Zurich Cantonalbank Sells 2,058 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,302 shares of the data storage provider’s stock after selling 2,058 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Seagate Technology were worth $3,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of STX. Advisors Asset Management Inc. increased its holdings in Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after acquiring an additional 258 shares during the period. JFS Wealth Advisors LLC raised its position 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 worth $46,000 after buying an additional 113 shares in the last quarter. Human Investing LLC purchased a new position in Seagate Technology during the fourth quarter worth about $48,000. Harvest Fund Management Co. Ltd bought a new position in Seagate Technology in the 3rd quarter worth about $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at about $54,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STX has been the topic of several research analyst reports. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Wednesday, January 22nd. Barclays lifted 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. UBS Group raised their price target on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Mizuho cut their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $121.56.

Seagate Technology Trading Up 2.7 %

NASDAQ:STX opened at $87.90 on Friday. The company has a 50-day moving average price of $96.32 and a 200-day moving average price of $99.11. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 16.07 and a beta of 1.01. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.28%. Seagate Technology’s payout ratio is 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.