Metis Global Partners LLC Has $612,000 Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Metis Global Partners LLC lowered its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 26.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,089 shares of the data storage provider’s stock after selling 2,574 shares during the period. Metis Global Partners LLC’s holdings in Seagate Technology were worth $612,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in Seagate Technology in the third quarter valued at approximately $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Seagate Technology by 341.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock valued at $143,370,000 after acquiring an additional 1,012,638 shares during the period. State Street Corp grew its stake in Seagate Technology by 6.8% in the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock valued at $937,081,000 after acquiring an additional 541,585 shares during the period. National Pension Service acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $43,436,000. Finally, Los Angeles Capital Management LLC grew its stake in Seagate Technology by 176.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock valued at $64,007,000 after acquiring an additional 473,484 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

NASDAQ:STX opened at $92.43 on Thursday. The business has a fifty day simple moving average of $96.37 and a two-hundred day simple moving average of $99.93. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The company has a market capitalization of $19.57 billion, a P/E ratio of 16.90 and a beta of 1.07.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is currently 52.65%.

Analyst Ratings Changes

A number of research firms have recently weighed in on STX. Northland Securities restated an “outperform” rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Morgan Stanley dropped their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group dropped their target price on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company dropped their target price on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, Rosenblatt Securities raised their target price on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $122.56.

About Seagate Technology

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.