11,807 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Seagate Technology Holdings plc (NASDAQ:STX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,807 shares of the data storage provider’s stock, valued at approximately $1,019,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanders Capital LLC increased its position in shares of Seagate Technology by 0.9% during the third quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider’s stock valued at $1,792,742,000 after buying an additional 150,115 shares during the period. State Street Corp increased its position in shares of Seagate Technology by 6.8% during the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock valued at $937,081,000 after buying an additional 541,585 shares during the period. Geode Capital Management LLC increased its position in shares of Seagate Technology by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock valued at $454,477,000 after buying an additional 318,416 shares during the period. Franklin Resources Inc. increased its position in shares of Seagate Technology by 29.5% during the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after buying an additional 405,232 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Seagate Technology by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider’s stock worth $117,632,000 after purchasing an additional 34,979 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Down 0.1 %

Shares of Seagate Technology stock opened at $88.27 on Friday. The company 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 of $96.32 and a 200 day moving average of $98.78. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32.

Seagate Technology Announces Dividend

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

Analyst Upgrades and Downgrades

STX has been the subject of several recent analyst reports. Mizuho cut their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, January 10th. 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 note on Wednesday, January 22nd. 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 note on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Morgan Stanley cut their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus 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.