Strategy Asset Managers LLC Has $458,000 Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Strategy Asset Managers LLC reduced its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,307 shares of the data storage provider’s stock after selling 785 shares during the quarter. Strategy Asset Managers LLC’s holdings in Seagate Technology were worth $458,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STX. Vanguard Group Inc. raised its holdings in shares of Seagate Technology by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock worth $2,414,446,000 after acquiring an additional 1,814,821 shares during the last quarter. State Street Corp lifted its holdings 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 valued at $937,081,000 after purchasing an additional 541,585 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Seagate Technology by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock valued at $454,477,000 after buying an additional 318,416 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Seagate Technology by 29.5% in the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after purchasing an additional 405,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Seagate Technology by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider’s stock worth $117,632,000 after purchasing an additional 34,979 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $84.92 on Friday. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 15.52 and a beta of 1.01. The company has a fifty day moving average of $95.71 and a 200-day moving average of $98.31. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid 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 dividend yield of 3.39%. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Wall Street Analyst Weigh In

STX has been the subject of several research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Citigroup cut their price target on Seagate Technology from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group lowered their price objective on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Rosenblatt Securities boosted their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

About Seagate Technology

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.