Seagate Technology Holdings plc (NASDAQ:STX) Position Reduced by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 38.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,780 shares of the data storage provider’s stock after selling 13,023 shares during the quarter. Corient Private Wealth LLC’s holdings in Seagate Technology were worth $1,794,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Choate Investment Advisors boosted its stake in Seagate Technology by 5.8% during the fourth quarter. Choate Investment Advisors now owns 3,998 shares of the data storage provider’s stock valued at $345,000 after buying an additional 219 shares in the last quarter. Picton Mahoney Asset Management boosted its position in shares of Seagate Technology by 16.6% during the 4th quarter. Picton Mahoney Asset Management now owns 22,850 shares of the data storage provider’s stock valued at $1,973,000 after purchasing an additional 3,250 shares in the last quarter. LBP AM SA grew its stake in shares of Seagate Technology by 211.1% in the 4th quarter. LBP AM SA now owns 118,238 shares of the data storage provider’s stock worth $10,205,000 after purchasing an additional 80,227 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Seagate Technology by 0.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 86,757 shares of the data storage provider’s stock worth $7,488,000 after purchasing an additional 381 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Seagate Technology by 28.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 126,147 shares of the data storage provider’s stock valued at $10,916,000 after purchasing an additional 28,045 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on STX shares. Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Bank of America decreased their target price on Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. UBS Group upped their target price on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. StockNews.com downgraded Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $121.00.

Seagate Technology Price Performance

Shares of STX opened at $88.79 on Tuesday. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The company’s fifty day moving average price is $96.32 and its 200 day moving average price is $98.68. The company has a market capitalization of $18.80 billion, a PE ratio of 16.23 and a beta of 1.01.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.24%. Seagate Technology’s dividend payout ratio is presently 52.65%.

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.