Tredje AP fonden Sells 15,622 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Tredje AP fonden lessened its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 50.0% in the fourth quarter, Holdings Channel reports. The firm owned 15,623 shares of the data storage provider’s stock after selling 15,622 shares during the period. Tredje AP fonden’s holdings in Seagate Technology were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Seagate Technology in the 3rd quarter valued at $26,000. Advisors Asset Management Inc. grew its stake in Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after purchasing an additional 258 shares during the period. JFS Wealth Advisors LLC grew its stake in Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 113 shares during the period. Human Investing LLC bought a new position in Seagate Technology in the 4th quarter valued at $48,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Seagate Technology during the 3rd quarter worth $53,000. Institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STX shares. 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 research note on Tuesday, January 21st. StockNews.com downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Bank of America cut their price target on Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday. Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.56.

Seagate Technology Stock Up 2.7 %

NASDAQ:STX opened at $87.90 on Friday. The business’s 50-day moving average price is $96.32 and its two-hundred day moving average price is $99.12. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The stock has a market cap of $18.61 billion, a P/E ratio of 16.07 and a beta of 1.01.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.28%. Seagate Technology’s payout ratio is currently 52.65%.

Seagate Technology Company 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.