Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,782 shares of the data storage provider’s stock after acquiring an additional 2,647 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Seagate Technology were worth $2,969,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of STX. National Bank of Canada FI lifted its position in Seagate Technology by 24.5% during the third quarter. National Bank of Canada FI now owns 42,622 shares of the data storage provider’s stock valued at $2,821,000 after purchasing an additional 8,401 shares during the last quarter. CWM LLC lifted its position in Seagate Technology by 6.0% during the third quarter. CWM LLC now owns 3,311 shares of the data storage provider’s stock valued at $218,000 after purchasing an additional 187 shares during the last quarter. Ronald Blue Trust Inc. lifted its position in Seagate Technology by 117.0% during the third quarter. Ronald Blue Trust Inc. now owns 1,048 shares of the data storage provider’s stock valued at $65,000 after purchasing an additional 565 shares during the last quarter. IFP Advisors Inc lifted its position in Seagate Technology by 4.9% during the third quarter. IFP Advisors Inc now owns 3,542 shares of the data storage provider’s stock valued at $234,000 after purchasing an additional 164 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Seagate Technology by 23.4% during the third quarter. Global Retirement Partners LLC now owns 2,212 shares of the data storage provider’s stock valued at $146,000 after purchasing an additional 419 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

NASDAQ STX opened at $85.18 on Tuesday. The company’s 50-day simple moving average is $89.31 and its two-hundred day simple moving average is $82.47. Seagate Technology Holdings plc has a one year low of $54.47 and a one year high of $101.26.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.19. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Analysts predict that Seagate Technology Holdings plc will post 0.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Wednesday, March 20th. Seagate Technology’s payout ratio is currently -80.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Seagate Technology from $65.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Wedbush restated a “neutral” rating and issued a $100.00 target price on shares of Seagate Technology in a report on Thursday, January 25th. Susquehanna raised their target price on shares of Seagate Technology from $50.00 to $55.00 and gave the stock a “negative” rating in a report on Wednesday, April 10th. Wells Fargo & Company raised 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, TD Cowen raised their target price on shares of Seagate Technology from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $91.73.

Seagate Technology Company 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.