Mitsubishi UFJ Asset Management Co. Ltd. Purchases 41,404 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Seagate Technology Holdings plc (NASDAQ:STX) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 338,201 shares of the data storage provider’s stock after purchasing an additional 41,404 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Seagate Technology worth $30,151,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of STX. Vanguard Group Inc. boosted its stake in Seagate Technology by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock worth $2,414,446,000 after acquiring an additional 1,814,821 shares in the last quarter. State Street Corp grew its stake in Seagate Technology by 6.8% in 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 acquiring an additional 541,585 shares during the period. Geode Capital Management LLC raised 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 worth $454,477,000 after purchasing an additional 318,416 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Seagate Technology by 29.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock worth $197,844,000 after purchasing an additional 405,232 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Seagate Technology by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider’s stock valued at $117,632,000 after purchasing an additional 34,979 shares during the period. 92.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

STX has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Rosenblatt Securities lifted their price target on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Citigroup decreased their price objective on Seagate Technology from $125.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Morgan Stanley dropped their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Susquehanna increased their price target on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research report 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.00.

Seagate Technology Trading Down 2.9 %

NASDAQ:STX opened at $84.92 on Monday. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The firm’s 50 day moving average is $95.71 and its 200 day moving average is $98.29. The stock has a market capitalization of $17.98 billion, a PE ratio of 15.52 and a beta of 1.01.

Seagate Technology Dividend Announcement

The company also recently declared 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. 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 3.39%. Seagate Technology’s dividend payout ratio is presently 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.