Mizuho Securities USA LLC Acquires 6,431 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Mizuho Securities USA LLC boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 47.2% in the 4th quarter, HoldingsChannel reports. The firm owned 20,048 shares of the data storage provider’s stock after purchasing an additional 6,431 shares during the quarter. Mizuho Securities USA LLC’s holdings in Seagate Technology were worth $1,730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after buying an additional 258 shares in the last quarter. JFS Wealth Advisors LLC increased its position 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 worth $46,000 after purchasing an additional 113 shares during the last quarter. Human Investing LLC bought a new position in shares of Seagate Technology in the 4th quarter valued at about $48,000. Harvest Fund Management Co. Ltd purchased a new stake in Seagate Technology during the third quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Seagate Technology in the 3rd quarter valued at approximately $54,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $87.96 on Wednesday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 16.08 and a beta of 1.01. The business has a fifty day moving average price of $96.25 and a 200-day moving average price of $98.61.

Seagate Technology Announces Dividend

The business also recently disclosed 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 is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.27%. Seagate Technology’s payout ratio is currently 52.65%.

Analyst Ratings Changes

Several research firms have recently weighed in on STX. Mizuho cut their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Northland Securities reiterated an “outperform” rating and set a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research report on Wednesday, January 22nd. Susquehanna raised their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. Wells Fargo & Company cut their price target on shares of 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, Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $121.00.

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.