Securian Asset Management Inc. Decreases Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Securian Asset Management Inc. decreased its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,271 shares of the data storage provider’s stock after selling 343 shares during the quarter. Securian Asset Management Inc.’s holdings in Seagate Technology were worth $973,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of STX. Advisors Asset Management Inc. boosted its stake in shares of Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after acquiring an additional 258 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 113 shares in the last quarter. Human Investing LLC purchased a new stake in shares of Seagate Technology during the 4th quarter worth approximately $48,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on STX shares. Bank of America reduced their target price on Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday. Susquehanna upped their target price on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research note on Wednesday, January 22nd. Barclays upped their target price on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. UBS Group upped their target price on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Citigroup upped their target price on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $121.56.

Seagate Technology Stock Up 2.7 %

STX stock opened at $87.90 on Friday. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 16.07 and a beta of 1.01. The business has a fifty day simple moving average of $96.32 and a 200-day simple moving average of $99.11. 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 3.28%. Seagate Technology’s dividend payout ratio is currently 52.65%.

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.