Royal London Asset Management Ltd. Boosts Position in Seagate Technology Holdings plc (NASDAQ:STX)

Royal London Asset Management Ltd. increased its position in Seagate Technology Holdings plc (NASDAQ:STX) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,722 shares of the data storage provider’s stock after acquiring an additional 2,024 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Seagate Technology were worth $7,140,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings 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 period. JFS Wealth Advisors LLC raised its position 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 buying an additional 113 shares in the last quarter. Human Investing LLC bought a new stake in Seagate Technology during the fourth quarter valued at $48,000. Harvest Fund Management Co. Ltd purchased a new position in Seagate Technology during the third quarter worth about $53,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Seagate Technology in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on STX shares. The Goldman Sachs Group dropped their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Northland Securities reissued an “outperform” rating and issued a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Citigroup dropped their price objective on shares of Seagate Technology from $125.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 target price on shares of Seagate Technology in a research note 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 currently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Stock Performance

NASDAQ:STX opened at $88.27 on Monday. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The firm has a market cap of $18.69 billion, a PE ratio of 16.14 and a beta of 1.01. The business has a 50 day moving average price of $96.32 and a 200-day moving average price of $98.76.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Seagate Technology 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.