Raymond James Financial Services Advisors Inc. Has $6.97 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STXFree Report) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,627 shares of the data storage provider’s stock after buying an additional 12,047 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Seagate Technology were worth $6,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STX. Panagora Asset Management Inc. lifted its holdings in Seagate Technology by 65.3% during the 1st quarter. Panagora Asset Management Inc. now owns 11,805 shares of the data storage provider’s stock worth $1,061,000 after buying an additional 4,663 shares during the period. Rhumbline Advisers lifted its stake in shares of Seagate Technology by 0.6% in the 1st quarter. Rhumbline Advisers now owns 182,883 shares of the data storage provider’s stock valued at $16,441,000 after purchasing an additional 1,037 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Seagate Technology by 4.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,946 shares of the data storage provider’s stock valued at $2,422,000 after purchasing an additional 1,237 shares during the period. Sei Investments Co. lifted its stake in shares of Seagate Technology by 153.5% in the 1st quarter. Sei Investments Co. now owns 89,250 shares of the data storage provider’s stock valued at $8,059,000 after purchasing an additional 54,038 shares during the period. Finally, Aviva PLC lifted its stake in shares of Seagate Technology by 44.3% in the 1st quarter. Aviva PLC now owns 95,541 shares of the data storage provider’s stock valued at $8,589,000 after purchasing an additional 29,329 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STX has been the topic of a number of recent analyst reports. Barclays boosted their price objective on Seagate Technology from $65.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group boosted their price objective on Seagate Technology from $65.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Bank of America boosted their price objective on Seagate Technology from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Rosenblatt Securities increased their price target on Seagate Technology from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Wedbush reissued a “neutral” rating and issued a $100.00 price objective on shares of Seagate Technology in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $84.17.

Read Our Latest Stock Analysis on Seagate Technology

Seagate Technology Trading Down 1.7 %

Shares of Seagate Technology stock opened at $90.23 on Wednesday. The business’s fifty day simple moving average is $89.62 and its 200 day simple moving average is $80.34. Seagate Technology Holdings plc has a 12 month low of $54.32 and a 12 month high of $101.26. The firm has a market capitalization of $18.90 billion, a P/E ratio of -25.78, a price-to-earnings-growth ratio of 3,845.04 and a beta of 1.04.

Seagate Technology (NASDAQ:STXGet Free Report) last released its earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.19. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. Analysts predict that Seagate Technology Holdings plc will post 0.02 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, March 20th. Seagate Technology’s payout ratio is -80.00%.

Seagate Technology 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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