Whittier Trust Co. Purchases 307 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Whittier Trust Co. boosted its position in shares of Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,685 shares of the data storage provider’s stock after purchasing an additional 307 shares during the period. Whittier Trust Co.’s holdings in Seagate Technology were worth $229,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Seagate Technology by 20.5% in the 1st quarter. BlackRock Inc. now owns 15,620,098 shares of the data storage provider’s stock valued at $1,032,801,000 after buying an additional 2,662,098 shares during the period. Norges Bank purchased a new stake in Seagate Technology in the 4th quarter valued at about $92,189,000. FMR LLC boosted its position in Seagate Technology by 13.1% in the 3rd quarter. FMR LLC now owns 13,929,708 shares of the data storage provider’s stock valued at $918,664,000 after buying an additional 1,612,264 shares during the period. JPMorgan Chase & Co. boosted its position in Seagate Technology by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,680,400 shares of the data storage provider’s stock valued at $1,166,022,000 after buying an additional 1,485,937 shares during the period. Finally, State Street Corp boosted its position in Seagate Technology by 16.3% in the 3rd quarter. State Street Corp now owns 8,951,455 shares of the data storage provider’s stock valued at $482,736,000 after buying an additional 1,256,349 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STX shares. Wells Fargo & Company boosted their price objective on shares of Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. TD Cowen upped their price target on shares of Seagate Technology from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. The Goldman Sachs Group upped their price target on shares of Seagate Technology from $65.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Evercore ISI initiated coverage on shares of Seagate Technology in a research report on Tuesday, February 27th. They issued an “outperform” rating and a $110.00 price target for the company. Finally, Bank of America upped their price target on shares of Seagate Technology from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Seagate Technology has an average rating of “Hold” and an average price target of $81.50.

Get Our Latest Stock Analysis on Seagate Technology

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $88.21 on Tuesday. Seagate Technology Holdings plc has a 12-month low of $54.32 and a 12-month high of $101.26. The firm’s 50 day simple moving average is $88.75 and its two-hundred day simple moving average is $79.12.

Seagate Technology (NASDAQ:STXGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.19. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Sell-side analysts anticipate that Seagate Technology Holdings plc will post -0.17 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.17%. Seagate Technology’s payout ratio is currently -80.00%.

Seagate Technology Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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