Farther Finance Advisors LLC Has $408,000 Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Farther Finance Advisors LLC lowered its position in Seagate Technology Holdings plc (NASDAQ:STX) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,724 shares of the data storage provider’s stock after selling 230 shares during the quarter. Farther Finance Advisors LLC’s holdings in Seagate Technology were worth $408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after purchasing an additional 258 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Seagate Technology in the third quarter valued at approximately $53,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Seagate Technology in the third quarter valued at approximately $54,000. Brooklyn Investment Group bought a new position in shares of Seagate Technology during the 3rd quarter worth approximately $56,000. Finally, JFS Wealth Advisors LLC increased its holdings 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 worth $46,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 3.0 %

STX stock opened at $90.51 on Tuesday. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The business has a 50-day simple moving average of $96.35 and a 200 day simple moving average of $99.06. The company has a market cap of $19.16 billion, a PE ratio of 16.55 and a beta of 1.01.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s payout ratio is presently 52.65%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STX. Mizuho cut their price target on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Bank of America reduced their target price 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. Rosenblatt Securities increased their price target on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group cut their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Susquehanna increased 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $121.56.

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.