Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in Seagate Technology Holdings plc (NASDAQ:STX) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,015 shares of the data storage provider’s stock after acquiring an additional 547 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Seagate Technology were worth $7,942,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology in the third quarter valued at about $54,000. JFS Wealth Advisors LLC boosted its stake in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after buying an additional 113 shares during the last quarter. Quarry LP grew its position in shares of Seagate Technology by 108.4% during the third quarter. Quarry LP now owns 546 shares of the data storage provider’s stock worth $60,000 after buying an additional 284 shares in the last quarter. Human Investing LLC bought a new stake in shares of Seagate Technology in the fourth quarter worth $48,000. Finally, S.A. Mason LLC bought a new position in Seagate Technology during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Up 0.0 %

STX stock opened at $84.95 on Tuesday. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The firm has a 50-day moving average of $95.45 and a two-hundred day moving average of $98.17. The firm has a market capitalization of $17.98 billion, a PE ratio of 15.53 and a beta of 1.01.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a $0.72 dividend. The ex-dividend date of this dividend 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 presently 52.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on STX shares. Morgan Stanley cut their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Wednesday, January 22nd. Barclays upped their price target on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. Bank of America decreased their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Finally, Susquehanna increased their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.00.

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.