Seagate Technology Holdings plc (NASDAQ:STX) Stock Position Lifted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 1,239.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,326 shares of the data storage provider’s stock after buying an additional 1,227 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Seagate Technology were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of STX. Ashton Thomas Securities LLC acquired a new stake in shares of Seagate Technology during the 3rd quarter valued at about $26,000. Advisors Asset Management Inc. raised its position 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 acquiring an additional 258 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Seagate Technology by 27.0% in 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 during the last quarter. Human Investing LLC bought a new stake in Seagate Technology in the fourth quarter worth approximately $48,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Seagate Technology during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STX. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Barclays boosted their target price on Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 22nd. 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 report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Stock Down 1.8 %

Seagate Technology stock opened at $92.43 on Thursday. The business has a 50 day moving average price of $96.37 and a two-hundred day moving average price of $99.93. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 16.90 and a beta of 1.07.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.12%. Seagate Technology’s dividend payout ratio (DPR) is currently 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.