Natixis Advisors LLC Trims Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Natixis Advisors LLC reduced its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 8.9% in the 4th quarter, Holdings Channel reports. The fund owned 63,896 shares of the data storage provider’s stock after selling 6,221 shares during the period. Natixis Advisors LLC’s holdings in Seagate Technology were worth $5,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in Seagate Technology in the third quarter valued at approximately $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Seagate Technology by 341.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock worth $143,370,000 after acquiring an additional 1,012,638 shares during the last quarter. State Street Corp boosted its stake in shares of Seagate Technology by 6.8% in the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after acquiring an additional 541,585 shares during the last quarter. National Pension Service acquired a new stake in shares of Seagate Technology in the fourth quarter worth approximately $43,436,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Seagate Technology by 176.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock worth $64,007,000 after acquiring an additional 473,484 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STX has been the topic of a number of research analyst reports. UBS Group lifted their price target on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their price target on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Citigroup lowered their price objective on Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com lowered Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities lifted their target price on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Trading Down 0.1 %

STX stock opened at $88.27 on Friday. The company has a market capitalization of $18.69 billion, a PE ratio of 16.14 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. The business’s fifty day moving average price is $96.32 and its 200 day moving average price is $98.76.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.26%. Seagate Technology’s dividend payout ratio is presently 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.