Whittier Trust Co. of Nevada Inc. Lowers Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Whittier Trust Co. of Nevada Inc. lowered its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 41.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,225 shares of the data storage provider’s stock after selling 867 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Seagate Technology were worth $106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Seagate Technology by 9.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider’s stock valued at $4,215,000 after buying an additional 4,229 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 purchasing an additional 1,012,638 shares during the period. Kingswood Wealth Advisors LLC raised its position in Seagate Technology by 87.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider’s stock worth $740,000 after purchasing an additional 4,014 shares during the period. Asset Management One Co. Ltd. raised its position in Seagate Technology by 9.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider’s stock worth $7,360,000 after purchasing an additional 7,599 shares during the period. Finally, Rheos Capital Works Inc. raised its position in Seagate Technology by 2.5% in the 4th quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider’s stock worth $28,612,000 after purchasing an additional 8,000 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 0.1 %

STX opened at $88.27 on Monday. The firm has a 50 day moving average price of $96.32 and a 200-day moving average price of $98.76. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 16.14 and a beta of 1.01.

Seagate Technology Dividend Announcement

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 issued 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 3.26%. Seagate Technology’s payout ratio is 52.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Mizuho decreased their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Rosenblatt Securities lifted their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Susquehanna lifted their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research note on Wednesday, January 22nd. UBS Group lifted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating 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 stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.