Mission Wealth Management LP Acquires 3,130 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Mission Wealth Management LP grew its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 147.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,251 shares of the data storage provider’s stock after acquiring an additional 3,130 shares during the quarter. Mission Wealth Management LP’s holdings in Seagate Technology were worth $453,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of STX. Point72 Asset Management L.P. bought a new stake in shares of Seagate Technology during the 3rd quarter valued at about $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Seagate Technology by 341.7% in the 3rd 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 worth $143,370,000 after buying an additional 1,012,638 shares during the last quarter. State Street Corp lifted its position in Seagate Technology by 6.8% in the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after buying an additional 541,585 shares during the last quarter. National Pension Service bought a new stake in Seagate Technology in the 4th quarter worth approximately $43,436,000. Finally, Los Angeles Capital Management LLC lifted its position in Seagate Technology by 176.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock worth $64,007,000 after buying an additional 473,484 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

STX opened at $92.43 on Thursday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The stock has a market capitalization of $19.57 billion, a PE ratio of 16.90 and a beta of 1.07. The stock’s 50 day moving average price is $96.37 and its 200-day moving average price is $99.93.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid 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 3.12%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on STX. Cantor Fitzgerald restated a “neutral” rating and issued a $120.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. UBS Group boosted their target price on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Citigroup boosted their price objective on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One 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. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average 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.