Seagate Technology Holdings plc (NASDAQ:STX) Holdings Decreased by Aufman Associates Inc

Aufman Associates Inc lessened its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,126 shares of the data storage provider’s stock after selling 11,298 shares during the period. Seagate Technology makes up 4.9% of Aufman Associates Inc’s portfolio, making the stock its 4th biggest position. Aufman Associates Inc’s holdings in Seagate Technology were worth $7,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Seagate Technology by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock valued at $2,414,446,000 after acquiring an additional 1,814,821 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Seagate Technology during the third quarter worth about $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $143,370,000 after buying an additional 1,012,638 shares during the period. State Street Corp grew its stake in shares of 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 buying an additional 541,585 shares in the last quarter. Finally, National Pension Service acquired a new stake in shares of Seagate Technology in the fourth quarter valued at about $43,436,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Down 2.9 %

Shares of STX stock opened at $84.92 on Friday. The company has a market cap of $17.98 billion, a P/E ratio of 15.52 and a beta of 1.01. The business has a 50 day moving average of $95.71 and a two-hundred day moving average of $98.34. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 dividend on an annualized basis and a yield of 3.39%. Seagate Technology’s payout ratio is currently 52.65%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America lowered their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Wednesday, January 22nd. Morgan Stanley cut their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Citigroup lowered their target price on Seagate Technology from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, Northland Securities reiterated an “outperform” rating and issued a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.00.

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.