Machina Capital S.A.S. Has $1.23 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Machina Capital S.A.S. increased its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 130.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,204 shares of the data storage provider’s stock after buying an additional 8,044 shares during the quarter. Machina Capital S.A.S.’s holdings in Seagate Technology were worth $1,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in shares of Seagate Technology in the 3rd quarter worth approximately $26,000. Advisors Asset Management Inc. increased its position in shares of Seagate Technology by 177.9% during the 3rd 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Seagate Technology during the 3rd quarter valued at about $53,000. Wilmington Savings Fund Society FSB bought a new position in Seagate Technology during the 3rd quarter valued at about $54,000. Finally, Brooklyn Investment Group bought a new stake in Seagate Technology during the 3rd quarter worth approximately $56,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Up 1.6 %

Seagate Technology stock opened at $88.00 on Friday. The firm has a market capitalization of $18.63 billion, a P/E ratio of 16.09 and a beta of 1.07. The business has a 50-day moving average of $96.34 and a 200-day moving average of $99.73. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley cut their price target on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. UBS Group boosted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Citigroup increased their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Susquehanna boosted their price objective 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. Finally, Barclays increased their price objective on 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 analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $122.56.

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.