Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC lifted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,207 shares of the data storage provider’s stock after purchasing an additional 586 shares during the period. Lifeworks Advisors LLC’s holdings in Seagate Technology were worth $622,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in shares of Seagate Technology during the third quarter worth about $26,000. Advisors Asset Management Inc. grew its holdings in Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after acquiring an additional 258 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at approximately $53,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at approximately $54,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Seagate Technology in the 3rd quarter valued at $56,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on STX. Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Citigroup upped their price objective on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley decreased 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. Wedbush reiterated an “outperform” rating and issued a $150.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group cut their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Trading Up 1.6 %

NASDAQ:STX opened at $88.00 on Friday. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32. The stock’s 50 day simple moving average is $96.34 and its 200-day simple moving average is $99.70. The firm has a market cap of $18.63 billion, a P/E ratio of 16.09 and a beta of 1.01.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 yield of 3.27%. Seagate Technology’s dividend payout ratio 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.