AMJ Financial Wealth Management Takes $1.83 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

AMJ Financial Wealth Management bought a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,208 shares of the data storage provider’s stock, valued at approximately $1,830,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its stake in Seagate Technology by 2.0% in the 3rd quarter. US Bancorp DE now owns 17,508 shares of the data storage provider’s stock valued at $1,918,000 after buying an additional 335 shares during the period. Gladstone Institutional Advisory LLC raised its holdings in Seagate Technology by 25.6% during the third quarter. Gladstone Institutional Advisory LLC now owns 5,078 shares of the data storage provider’s stock worth $556,000 after purchasing an additional 1,036 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Seagate Technology by 5.3% in the third quarter. Farther Finance Advisors LLC now owns 4,954 shares of the data storage provider’s stock valued at $543,000 after purchasing an additional 250 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Seagate Technology by 13.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 73,064 shares of the data storage provider’s stock valued at $8,003,000 after purchasing an additional 8,944 shares in the last quarter. Finally, Vestor Capital LLC increased its position in Seagate Technology by 55.5% during the 3rd quarter. Vestor Capital LLC now owns 689 shares of the data storage provider’s stock worth $75,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $100.06 on Tuesday. The firm’s 50-day moving average is $96.18 and its two-hundred day moving average is $100.04. The stock has a market capitalization of $21.18 billion, a P/E ratio of 18.29 and a beta of 1.07. 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 2.88%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Analyst Ratings Changes

A number of analysts recently weighed in on STX shares. Wells Fargo & Company decreased their price target on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Northland Securities reissued an “outperform” rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Morgan Stanley lowered their price target 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 cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Rosenblatt Securities upped their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.56.

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.