SBI Securities Co. Ltd. Makes New $135,000 Investment in Seagate Technology Holdings plc (NASDAQ:STX)

SBI Securities Co. Ltd. purchased a new position in Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,563 shares of the data storage provider’s stock, valued at approximately $135,000.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Seagate Technology in the third quarter worth $26,000. Advisors Asset Management Inc. raised its stake in shares of Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after acquiring an additional 258 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Seagate Technology during the third quarter valued at about $53,000. Wilmington Savings Fund Society FSB bought a new position in shares of Seagate Technology during the third quarter valued at about $54,000. Finally, Brooklyn Investment Group bought a new position in shares of Seagate Technology during the third quarter valued at about $56,000. 92.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Susquehanna upped their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research note on Wednesday, January 22nd. Bank of America upped their price objective on shares of Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lowered their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Stock Performance

Shares of STX opened at $88.00 on Friday. The stock has a market cap of $18.63 billion, a PE ratio of 16.09 and a beta of 1.07. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The firm’s 50-day simple moving average is $96.34 and its two-hundred day simple moving average is $99.73.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

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.