Stratos Wealth Partners LTD. raised its stake in Seagate Technology Holdings plc (NASDAQ:STX – Free Report ) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,941 shares of the data storage provider’s stock after buying an additional 561 shares during the period. The holdings of Stratos Wealth Partners LTD. in Seagate Technology were worth $593,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STX. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Seagate Technology in the 4th quarter worth about $26,000. CVA Family Office LLC bought a new position in shares of Seagate Technology in the 4th quarter worth $27,000. Parkside Financial Bank & Trust raised its stake in shares of Seagate Technology by 85.4% in the third quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock valued at $29,000 after buying an additional 205 shares during the last quarter. State of Wyoming acquired a new position in shares of Seagate Technology in the fourth quarter valued at $36,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Seagate Technology in the 4th quarter worth about $43,000. Institutional Investors & Hedge Funds own 92.87% of the company’s shares.
Seagate Technology Trading was down 4.0%
NASDAQ STX opened at $85.19 on Friday. Seagate Technology Holdings plc has a 1-year low of $54.32 and a 1-year high of $101.26. The firm’s fifty-day simple moving average is $89.74, and its 200-day simple moving average is $81.46. The company has a market cap of $17.85 billion, a PE ratio of -24.34, a price-to-earnings-growth ratio of 1,467.44 and a beta of 1.04.
Seagate Technology (NASDAQ:STX – Get Your Free Report ) last posted its earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.19. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ estimates of $1.56 billion. As a group, analysts forecast that Seagate Technology Holdings plc will post 0.05 EPS for the current year.
Seagate Technology announces dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.70 dividend. This represents an annualized dividend of $2.80 and a yield of 3.29%. The ex-dividend date was Wednesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is currently -80.00%.
Analysts set new price targets
Several equities analysts recently commented on the company. Goldman Sachs Group boosted their target price on Seagate Technology from $65.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Barclays boosted their target price on shares of Seagate Technology from $65.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. BNP Paribas lowered shares of Seagate Technology from a “neutral” rating to an “underperform” rating and set a $65.00 price objective for the company. in a research report on Thursday, January 11th. Wells Fargo & Company boosted their target price on shares of Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $95.00 target price on shares of Seagate Technology in a research note on Monday, March 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Seagate Technology presently has an average rating of “Hold” and a consensus target price of $86.67, according to MarketBeat.
Check out our latest STX stock analysis
About Seagate Technology
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Seagate Technology Holdings plc provides storage technology and solutions in Singapore, the United States, the Netherlands and internationally. It provides mass-capacity storage products, including enterprise near-hard disk drives (HDDs), enterprise near-hard disk drives (SSDs), enterprise near-field systems, video and imaging HDDs, and network storage devices.
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