Counterpoint Mutual Funds LLC Sells 370 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Counterpoint Mutual Funds LLC cut its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,339 shares of the data storage provider’s stock after selling 370 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Seagate Technology were worth $374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of STX. GSA Capital Partners LLP bought a new position in Seagate Technology in the 3rd quarter worth approximately $259,000. Victory Capital Management Inc. boosted its holdings in Seagate Technology by 133.8% in the 3rd quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock valued at $18,834,000 after purchasing an additional 98,418 shares during the period. Metis Global Partners LLC boosted its holdings in Seagate Technology by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 9,663 shares of the data storage provider’s stock valued at $1,058,000 after purchasing an additional 192 shares during the period. CIBC Asset Management Inc boosted its holdings in Seagate Technology by 14.4% in the 3rd quarter. CIBC Asset Management Inc now owns 30,578 shares of the data storage provider’s stock valued at $3,349,000 after purchasing an additional 3,848 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Seagate Technology by 6.8% in the 3rd quarter. Empowered Funds LLC now owns 3,274 shares of the data storage provider’s stock valued at $359,000 after purchasing an additional 209 shares during the period. 92.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on STX. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Wednesday, January 22nd. Susquehanna lifted their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.56.

Seagate Technology Price Performance

NASDAQ:STX opened at $90.51 on Tuesday. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The company’s 50-day simple moving average is $96.35 and its 200 day simple moving average is $99.06. The firm has a market capitalization of $19.16 billion, a P/E ratio of 16.55 and a beta of 1.01.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.18%. Seagate Technology’s dividend payout ratio is presently 52.65%.

Seagate Technology 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.