Pictet Asset Management Holding SA Has $10.32 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Pictet Asset Management Holding SA grew its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,528 shares of the data storage provider’s stock after purchasing an additional 14,100 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Seagate Technology worth $10,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew 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 acquiring an additional 113 shares during the last quarter. Human Investing LLC acquired a new position in shares of Seagate Technology during the fourth quarter worth $48,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Seagate Technology in the third quarter worth $54,000. S.A. Mason LLC acquired a new stake in Seagate Technology in the fourth quarter valued at $55,000. Finally, Quarry LP raised its position in Seagate Technology by 108.4% during the 3rd quarter. Quarry LP now owns 546 shares of the data storage provider’s stock worth $60,000 after purchasing an additional 284 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Trading Up 1.2 %

Shares of STX stock opened at $85.52 on Thursday. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The firm has a market capitalization of $18.11 billion, a PE ratio of 15.63 and a beta of 1.01. The firm has a fifty day simple moving average of $94.67 and a two-hundred day simple moving average of $97.96.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.37%. Seagate Technology’s dividend payout ratio is presently 52.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on STX. Wells Fargo & Company decreased their price target on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Susquehanna boosted their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. UBS Group increased 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. Finally, StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday, February 28th. 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, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $121.00.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the sale, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.81% of the stock is owned by insiders.

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.