Seagate Technology Holdings plc (NASDAQ:STX) Given Consensus Rating of “Moderate Buy” by Brokerages

Seagate Technology Holdings plc (NASDAQ:STX) has been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $121.00.

A number of research firms recently weighed in on STX. Morgan Stanley lowered their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. StockNews.com lowered Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Bank of America cut their target price on Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Mizuho lowered their price target 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. Finally, Northland Securities reissued an “outperform” rating and set a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $88.27 on Tuesday. Seagate Technology has a 52-week low of $82.31 and a 52-week high of $115.32. The firm has a market capitalization of $18.69 billion, a PE ratio of 16.14 and a beta of 1.01. The company’s fifty day moving average price is $96.32 and its two-hundred day moving average price is $98.78.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 3.26%. Seagate Technology’s payout ratio is currently 52.65%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Berkshire Bank raised its stake in shares of Seagate Technology by 2.6% during the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock worth $355,000 after purchasing an additional 103 shares in the last quarter. MWA Asset Management raised its position in Seagate Technology by 0.5% during the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock worth $1,695,000 after acquiring an additional 104 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in Seagate Technology by 22.7% in the fourth quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 112 shares during the last quarter. JFS Wealth Advisors LLC grew its position in shares of Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 113 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Seagate Technology by 2.3% during the 4th quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider’s stock worth $431,000 after purchasing an additional 113 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

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.