Virtu Financial LLC Takes Position in Seagate Technology Holdings plc (NASDAQ:STX)

Virtu Financial LLC purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,539 shares of the data storage provider’s stock, valued at approximately $2,204,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its stake in shares of Seagate Technology by 174.7% in the 4th quarter. Quantbot Technologies LP now owns 95,292 shares of the data storage provider’s stock worth $8,225,000 after acquiring an additional 60,603 shares during the last quarter. Mindset Wealth Management LLC grew its holdings in shares of Seagate Technology by 6.0% in the fourth quarter. Mindset Wealth Management LLC now owns 7,342 shares of the data storage provider’s stock valued at $634,000 after purchasing an additional 418 shares during the period. 1620 Investment Advisors Inc. increased its position in Seagate Technology by 2.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 4,835 shares of the data storage provider’s stock worth $417,000 after purchasing an additional 123 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in Seagate Technology during the fourth quarter worth about $831,000. Finally, Talos Asset Management LP acquired a new position in Seagate Technology in the 4th quarter valued at about $17,219,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Down 0.1 %

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

Seagate Technology Announces Dividend

The business 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 dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.26%. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Northland Securities reiterated an “outperform” rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Bank of America cut their price objective on Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, Barclays upped their target price on shares of 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 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.