65,695 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) during the fourth quarter, Holdings Channel reports. The firm purchased 65,695 shares of the data storage provider’s stock, valued at approximately $5,717,000.

Several other institutional investors also recently bought and sold shares of the business. Advisors Asset Management Inc. raised its position in shares of Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after purchasing an additional 258 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Seagate Technology during the 3rd quarter worth approximately $53,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Seagate Technology during the third quarter valued at approximately $54,000. Brooklyn Investment Group purchased a new position in shares of Seagate Technology in the third quarter valued at approximately $56,000. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 113 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Shares of STX opened at $87.96 on Wednesday. The stock has a market cap of $18.62 billion, a PE ratio of 16.08 and a beta of 1.01. The firm has a 50-day simple moving average of $96.25 and a two-hundred day simple moving average of $98.61. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.27%. Seagate Technology’s dividend payout ratio is currently 52.65%.

Wall Street Analysts Forecast Growth

STX has been the subject of several recent research reports. Rosenblatt Securities increased their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Mizuho decreased their price target on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Morgan Stanley cut their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Northland Securities restated an “outperform” rating and issued a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $121.00.

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.