Alerus Financial NA Buys 1,321 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Alerus Financial NA increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,174 shares of the data storage provider’s stock after buying an additional 1,321 shares during the quarter. Alerus Financial NA’s holdings in Seagate Technology were worth $4,935,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Advisors Asset Management Inc. lifted its holdings in Seagate Technology by 177.9% during the third 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 purchased a new stake in Seagate Technology during the 3rd quarter worth about $53,000. Wilmington Savings Fund Society FSB purchased a new stake in Seagate Technology during the 3rd quarter worth about $54,000. Brooklyn Investment Group bought a new position in Seagate Technology in the 3rd quarter worth about $56,000. Finally, JFS Wealth Advisors LLC grew its stake in Seagate Technology by 27.0% during 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 in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Wednesday, January 22nd. Barclays increased their target price on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. Susquehanna upped their price objective on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. Morgan Stanley dropped their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Seagate Technology Stock Performance

STX stock opened at $87.50 on Friday. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 16.00 and a beta of 1.01. The business’s 50 day moving average price is $95.96 and its two-hundred day moving average price is $98.46. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid 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 3.29%. Seagate Technology’s payout ratio is 52.65%.

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.