Mystic Asset Management Inc. Makes New $302,000 Investment in Seagate Technology Holdings plc (NASDAQ:STX)

Mystic Asset Management Inc. purchased a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,500 shares of the data storage provider’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of STX. GSA Capital Partners LLP bought a new position in shares of Seagate Technology during the 3rd quarter worth approximately $259,000. Victory Capital Management Inc. boosted its holdings in shares of Seagate Technology by 133.8% during the 3rd quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock worth $18,834,000 after buying an additional 98,418 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Seagate Technology by 14.4% during the third quarter. CIBC Asset Management Inc now owns 30,578 shares of the data storage provider’s stock worth $3,349,000 after purchasing an additional 3,848 shares during the period. Empowered Funds LLC raised its position in shares of Seagate Technology by 6.8% during the third quarter. Empowered Funds LLC now owns 3,274 shares of the data storage provider’s stock worth $359,000 after purchasing an additional 209 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of Seagate Technology by 6.2% during the third quarter. Natixis Advisors LLC now owns 70,117 shares of the data storage provider’s stock worth $7,680,000 after purchasing an additional 4,094 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $88.64 on Wednesday. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The firm has a market cap of $18.77 billion, a PE ratio of 16.20 and a beta of 1.01. The stock has a fifty day moving average price of $96.33 and a 200-day moving average price of $98.99.

Seagate Technology Dividend Announcement

The firm 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 dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is presently 52.65%.

Analysts Set New Price Targets

STX has been the topic of a number of research reports. Rosenblatt Securities upped their target price on Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Barclays upped their target price on 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 lowered their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report 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, UBS Group increased their price target on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.