Amundi Grows Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Amundi grew its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 138.1% in the fourth quarter, Holdings Channel reports. The firm owned 442,065 shares of the data storage provider’s stock after purchasing an additional 256,419 shares during the period. Amundi’s holdings in Seagate Technology were worth $39,207,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sanders Capital LLC lifted its holdings in shares of Seagate Technology by 0.9% during the 3rd quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider’s stock worth $1,792,742,000 after acquiring an additional 150,115 shares during the last quarter. State Street Corp lifted its holdings in shares of Seagate Technology by 6.8% during the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after acquiring an additional 541,585 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Seagate Technology by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock worth $454,477,000 after acquiring an additional 318,416 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Seagate Technology by 29.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock worth $197,844,000 after acquiring an additional 405,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Seagate Technology by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider’s stock worth $117,632,000 after acquiring an additional 34,979 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Trading Down 0.3 %

Shares of NASDAQ:STX opened at $86.73 on Thursday. Seagate Technology Holdings plc has a 12 month low of $82.31 and a 12 month high of $115.32. The company has a 50-day moving average price of $96.36 and a 200-day moving average price of $99.34. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 15.86 and a beta of 1.01.

Seagate Technology Dividend Announcement

The business also recently declared 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. This represents a $2.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group lowered their price target 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. Barclays boosted their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

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.