Flputnam Investment Management Co. Invests $417,000 in Seagate Technology Holdings plc (NASDAQ:STX)

Flputnam Investment Management Co. purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,836 shares of the data storage provider’s stock, valued at approximately $417,000.

A number of other large investors have also added to or reduced their stakes in STX. Ashton Thomas Securities LLC bought a new position in Seagate Technology in the 3rd quarter valued at about $26,000. Advisors Asset Management Inc. boosted its position in shares of 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 in the last quarter. JFS Wealth Advisors LLC increased its stake in 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 acquiring an additional 113 shares during the last quarter. Human Investing LLC acquired a new position in Seagate Technology during the fourth quarter valued at approximately $48,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Seagate Technology during the third quarter worth $53,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Trading Down 1.8 %

Shares of STX stock opened at $100.06 on Tuesday. The stock has a 50-day moving average of $96.18 and a 200-day moving average of $100.04. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 18.29 and a beta of 1.07. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32.

Seagate Technology Announces Dividend

The company 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 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 2.88%. Seagate Technology’s payout ratio is 52.65%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STX shares. Citigroup lifted their price target on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lowered their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Cantor Fitzgerald restated a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Barclays lifted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. 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 company. According to data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $122.56.

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.