Mutual of America Capital Management LLC Has $2.22 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Mutual of America Capital Management LLC lessened its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,037 shares of the data storage provider’s stock after selling 962 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Seagate Technology were worth $2,223,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 1,485,937 shares in the last quarter. BlackRock Inc. raised its holdings 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 acquiring an additional 2,662,098 shares in the last quarter. FMR LLC raised its holdings 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 acquiring an additional 1,612,264 shares in the last quarter. State Street Corp raised its holdings in Seagate Technology by 9.6% in the 1st quarter. State Street Corp now owns 9,360,341 shares of the data storage provider’s stock valued at $625,307,000 after acquiring an additional 819,501 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Seagate Technology by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,381,497 shares of the data storage provider’s stock valued at $288,960,000 after acquiring an additional 127,214 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $82.46 on Friday. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of -23.56, a PEG ratio of 1,379.17 and a beta of 1.04. The business’s fifty day moving average price is $89.38 and its two-hundred day moving average price is $82.10. Seagate Technology Holdings plc has a 52 week low of $54.32 and a 52 week high of $101.26.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.19. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. As a group, research analysts forecast that Seagate Technology Holdings plc will post 0.05 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Wednesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is currently -80.00%.

Wall Street Analyst Weigh In

Several equities analysts have commented on STX shares. Wells Fargo & Company upped their price target on Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. TD Cowen upped their price objective on Seagate Technology from $85.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. BNP Paribas lowered Seagate Technology from a “neutral” rating to an “underperform” rating and set a $65.00 price objective on the stock. in a research note on Thursday, January 11th. Susquehanna upped their price objective on Seagate Technology from $50.00 to $55.00 and gave the company a “negative” rating in a research note on Wednesday, April 10th. Finally, Wedbush reiterated 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 assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Seagate Technology presently has a consensus rating of “Hold” and an average price target of $86.67.

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.