Alerus Financial NA Has $4.94 Million Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Alerus Financial NA boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,174 shares of the data storage provider’s stock after purchasing an additional 1,321 shares during the period. Alerus Financial NA’s holdings in Seagate Technology were worth $4,935,000 as of its most recent filing with the SEC.

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

Seagate Technology Price Performance

Shares of STX opened at $87.50 on Friday. The stock has a 50-day moving average of $95.96 and a 200-day moving average of $98.46. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The company has a market cap of $18.52 billion, a PE ratio of 16.00 and a beta of 1.01.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STX. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Wednesday, January 22nd. Northland Securities restated an “outperform” rating and issued a $160.00 target price (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Mizuho lowered their price objective on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Barclays raised their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. One 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.