NEOS Investment Management LLC Has $524,000 Stake in Seagate Technology Holdings plc (NASDAQ:STX)

NEOS Investment Management LLC grew its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 25.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,076 shares of the data storage provider’s stock after buying an additional 1,238 shares during the period. NEOS Investment Management LLC’s holdings in Seagate Technology were worth $524,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in STX. Berkshire Bank lifted its holdings in Seagate Technology by 2.6% in the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock worth $355,000 after purchasing an additional 103 shares during the last quarter. MWA Asset Management lifted its stake in shares of Seagate Technology by 0.5% in the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock worth $1,695,000 after buying an additional 104 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake 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 worth $46,000 after buying an additional 113 shares during the last quarter. Signaturefd LLC grew its stake in Seagate Technology by 2.3% in the 4th quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider’s stock valued at $431,000 after buying an additional 113 shares during the last quarter. Finally, My Legacy Advisors LLC raised its holdings in Seagate Technology by 3.9% in the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock worth $294,000 after acquiring an additional 118 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Down 2.9 %

Shares of STX opened at $84.92 on Monday. The stock has a market cap of $17.98 billion, a PE ratio of 15.52 and a beta of 1.01. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The stock has a 50 day simple moving average of $95.71 and a 200-day simple moving average of $98.29.

Seagate Technology Dividend Announcement

The business also recently disclosed 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 is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.39%. Seagate Technology’s payout ratio is presently 52.65%.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Citigroup decreased their target price 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. Barclays lifted their price target on Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. StockNews.com lowered Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Rosenblatt Securities raised their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.