Royal London Asset Management Ltd. Has $7.14 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Royal London Asset Management Ltd. grew its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,722 shares of the data storage provider’s stock after purchasing an additional 2,024 shares during the period. Royal London Asset Management Ltd.’s holdings in Seagate Technology were worth $7,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of Seagate Technology by 177.9% in the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after buying an additional 258 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Seagate Technology in the 3rd quarter worth about $53,000. Wilmington Savings Fund Society FSB bought a new position in Seagate Technology in the 3rd quarter valued at about $54,000. Brooklyn Investment Group acquired a new position in Seagate Technology during the 3rd quarter valued at about $56,000. Finally, JFS Wealth Advisors LLC increased its holdings in Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho dropped their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Susquehanna upped their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research note on Wednesday, January 22nd. Northland Securities reissued an “outperform” rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, UBS Group upped their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $88.27 on Monday. The business’s fifty day moving average price is $96.32 and its 200-day moving average price is $98.76. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The stock has a market capitalization of $18.69 billion, a PE ratio of 16.14 and a beta of 1.01.

Seagate Technology Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a 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.