Allstate Corp Makes New $538,000 Investment in Seagate Technology Holdings plc (NASDAQ:STX)

Allstate Corp purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,228 shares of the data storage provider’s stock, valued at approximately $538,000.

A number of other institutional investors have also recently modified their holdings of STX. Glenmede Trust Co. NA lifted its stake in shares of Seagate Technology by 9.4% in the third quarter. Glenmede Trust Co. NA now owns 4,450 shares of the data storage provider’s stock valued at $487,000 after purchasing an additional 384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Seagate Technology by 12.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,360 shares of the data storage provider’s stock valued at $4,640,000 after acquiring an additional 4,711 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Seagate Technology by 50.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,491 shares of the data storage provider’s stock worth $1,149,000 after acquiring an additional 3,500 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $1,238,000. Finally, Captrust Financial Advisors grew its holdings in shares of Seagate Technology by 14.4% in the 3rd quarter. Captrust Financial Advisors now owns 25,364 shares of the data storage provider’s stock worth $2,778,000 after acquiring an additional 3,188 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on STX shares. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Finally, Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Stock Down 0.5 %

STX stock opened at $84.54 on Wednesday. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The stock’s fifty day simple moving average is $95.12 and its 200-day simple moving average is $98.05.

Seagate Technology Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) 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.