Corebridge Financial Inc. Buys 1,964 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Corebridge Financial Inc. boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,792 shares of the data storage provider’s stock after purchasing an additional 1,964 shares during the period. Corebridge Financial Inc.’s holdings in Seagate Technology were worth $7,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berkshire Bank lifted its holdings in shares of Seagate Technology by 2.6% during the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after buying an additional 103 shares during the period. MWA Asset Management increased its position in Seagate Technology by 0.5% during the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after acquiring an additional 104 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 113 shares during the period. Signaturefd LLC boosted its position in Seagate Technology by 2.3% in the fourth quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider’s stock worth $431,000 after purchasing an additional 113 shares during the last quarter. Finally, My Legacy Advisors LLC grew its stake in shares of Seagate Technology by 3.9% during the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the topic of several 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 on the stock in a research note on Thursday, January 16th. Barclays increased their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group reduced their price objective on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Mizuho lowered their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, Susquehanna upped their price target on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $121.00.

Seagate Technology Stock Down 2.9 %

STX opened at $84.92 on Friday. The company has a market capitalization of $17.98 billion, a PE ratio of 15.52 and a beta of 1.01. The firm has a 50-day simple moving average of $95.71 and a two-hundred day simple moving average of $98.34. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32.

Seagate Technology Announces Dividend

The company 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. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.39%. Seagate Technology’s dividend payout ratio (DPR) 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.