Talos Asset Management LP Invests $17.22 Million in Seagate Technology Holdings plc (NASDAQ:STX)

Talos Asset Management LP purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 199,500 shares of the data storage provider’s stock, valued at approximately $17,219,000. Seagate Technology accounts for about 4.1% of Talos Asset Management LP’s investment portfolio, making the stock its 10th biggest holding. Talos Asset Management LP owned about 0.09% of Seagate Technology at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of STX. GSA Capital Partners LLP acquired a new stake in Seagate Technology in the 3rd quarter valued at $259,000. Empowered Funds LLC boosted its holdings in Seagate Technology by 6.8% during the 3rd quarter. Empowered Funds LLC now owns 3,274 shares of the data storage provider’s stock worth $359,000 after acquiring an additional 209 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Seagate Technology by 6.2% during the 3rd quarter. Natixis Advisors LLC now owns 70,117 shares of the data storage provider’s stock worth $7,680,000 after acquiring an additional 4,094 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Seagate Technology by 5.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 25,853 shares of the data storage provider’s stock worth $2,832,000 after acquiring an additional 1,227 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Seagate Technology by 3.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 10,877 shares of the data storage provider’s stock worth $1,191,000 after acquiring an additional 402 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Up 0.3 %

Shares of STX opened at $88.93 on Thursday. The business’s 50-day moving average price is $96.34 and its 200-day moving average price is $98.92. 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 $18.83 billion, a PE ratio of 16.26 and a beta of 1.01.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s payout ratio is 52.65%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STX. Susquehanna lifted their target price on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. UBS Group lifted their target price on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Citigroup lowered their price objective on Seagate Technology from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Barclays boosted their price objective on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.