Elo Mutual Pension Insurance Co Buys 6,920 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Elo Mutual Pension Insurance Co raised its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 39.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,640 shares of the data storage provider’s stock after purchasing an additional 6,920 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Seagate Technology were worth $2,127,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Seagate Technology by 9.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider’s stock valued at $4,215,000 after acquiring an additional 4,229 shares during the last quarter. 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 3rd 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 valued at $143,370,000 after purchasing an additional 1,012,638 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 87.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider’s stock valued at $740,000 after buying an additional 4,014 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Seagate Technology by 9.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider’s stock worth $7,360,000 after buying an additional 7,599 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in Seagate Technology by 2.5% in the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider’s stock worth $28,612,000 after buying an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

STX has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Northland Securities reiterated an “outperform” rating and issued a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Susquehanna increased their target price on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities lifted their price target on Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $121.00.

Seagate Technology Trading Down 2.9 %

Shares of STX opened at $84.92 on Friday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The firm’s 50-day moving average price is $95.71 and its 200-day moving average price is $98.31. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 15.52 and a beta of 1.01.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.39%. Seagate Technology’s payout ratio is 52.65%.

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.