Seagate Technology Holdings plc (NASDAQ:STX) Stake Boosted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,941 shares of the data storage provider’s stock after purchasing an additional 561 shares during the period. Stratos Wealth Partners LTD.’s holdings 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 fourth quarter worth $27,000. Parkside Financial Bank & Trust grew 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 worth $29,000 after purchasing an additional 205 shares in the last quarter. State of Wyoming acquired a new position in shares of Seagate Technology during the fourth quarter valued at $36,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Seagate Technology during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Trading 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 capitalization 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) last issued 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 analyst estimates of $1.56 billion. As a group, analysts predict 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Wednesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is presently -80.00%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The 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 price target 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 price objective 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 assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Seagate Technology currently has an average rating of “Hold” and a consensus price target of $86.67.

About Seagate Technology

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.