O Shaughnessy Asset Management LLC Has $6.28 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

O Shaughnessy Asset Management LLC reduced its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,719 shares of the data storage provider’s stock after selling 4,050 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Seagate Technology were worth $6,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Allstate Corp bought a new stake in shares of Seagate Technology during the 4th quarter worth approximately $538,000. DnB Asset Management AS lifted its stake in Seagate Technology by 15.3% during the fourth quarter. DnB Asset Management AS now owns 37,452 shares of the data storage provider’s stock worth $3,232,000 after purchasing an additional 4,981 shares during the last quarter. Alerus Financial NA lifted its stake in Seagate Technology by 2.4% during the fourth quarter. Alerus Financial NA now owns 57,174 shares of the data storage provider’s stock worth $4,935,000 after purchasing an additional 1,321 shares during the last quarter. Level Four Advisory Services LLC increased its stake in shares of Seagate Technology by 4.1% in the 4th quarter. Level Four Advisory Services LLC now owns 3,343 shares of the data storage provider’s stock valued at $289,000 after purchasing an additional 131 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Seagate Technology by 13.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 119,528 shares of the data storage provider’s stock valued at $10,316,000 after purchasing an additional 14,100 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Susquehanna lifted their target price on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Morgan Stanley decreased their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Bank of America cut their price objective on Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, Mizuho lowered their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, January 10th. One equities research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Seagate Technology Stock Down 0.5 %

Shares of STX stock opened at $84.54 on Wednesday. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The firm has a 50 day moving average of $95.12 and a 200-day moving average of $98.05. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01.

Seagate Technology Dividend Announcement

The business also recently declared 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. This represents a $2.88 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, March 19th. 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.