Mitsubishi UFJ Trust & Banking Corp Grows Position in Seagate Technology Holdings plc (NASDAQ:STX)

Mitsubishi UFJ Trust & Banking Corp boosted its position in Seagate Technology Holdings plc (NASDAQ:STX) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,511 shares of the data storage provider’s stock after acquiring an additional 22,349 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Seagate Technology worth $9,970,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in shares of Seagate Technology by 177.9% in the 3rd 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. JFS Wealth Advisors LLC increased its stake in Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 113 shares during the last quarter. Human Investing LLC acquired a new stake in Seagate Technology during the fourth quarter worth approximately $48,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $54,000. Finally, S.A. Mason LLC acquired a new position in shares of Seagate Technology in the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

STX has been the subject of a number of research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology 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 company a “neutral” rating in a report on Wednesday, January 22nd. Mizuho dropped their price target on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley reduced their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.00.

Seagate Technology Trading Down 2.9 %

NASDAQ STX opened at $84.92 on Friday. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 15.52 and a beta of 1.01. The business’s 50 day moving average is $95.71 and its two-hundred day moving average is $98.31. Seagate Technology Holdings plc has a 12-month low of $82.31 and a 12-month high of $115.32.

Seagate Technology Announces Dividend

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 given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s payout ratio is 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.