Stevens Capital Management LP Buys Shares of 8,173 Seagate Technology Holdings plc (NASDAQ:STX)

Stevens Capital Management LP purchased a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) during the fourth quarter, Holdings Channel.com reports. The fund purchased 8,173 shares of the data storage provider’s stock, valued at approximately $705,000.

Other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in Seagate Technology during the 3rd quarter worth approximately $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Seagate Technology by 341.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock worth $143,370,000 after acquiring an additional 1,012,638 shares during the period. State Street Corp raised its stake 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 acquiring an additional 541,585 shares in the last quarter. National Pension Service purchased a new position in Seagate Technology in the fourth quarter valued at $43,436,000. Finally, Los Angeles Capital Management LLC grew its stake in Seagate Technology by 176.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock worth $64,007,000 after purchasing an additional 473,484 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $88.27 on Friday. The firm’s fifty day simple moving average is $96.32 and its 200-day simple moving average is $98.78. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 16.14 and a beta of 1.01.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.26%. Seagate Technology’s dividend payout ratio is presently 52.65%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho decreased their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Benchmark upgraded shares of 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. StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley cut their price target on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $121.00.

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.