California Public Employees Retirement System Trims Stake in Seagate Technology Holdings plc (NASDAQ:STX)

California Public Employees Retirement System reduced its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 876,714 shares of the data storage provider’s stock after selling 21,975 shares during the period. California Public Employees Retirement System’s holdings in Seagate Technology were worth $75,669,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in STX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at about $54,000. JFS Wealth Advisors LLC increased its position in shares of Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 113 shares during the last quarter. Quarry LP raised its stake in Seagate Technology by 108.4% in the third quarter. Quarry LP now owns 546 shares of the data storage provider’s stock valued at $60,000 after purchasing an additional 284 shares in the last quarter. Human Investing LLC bought a new stake in Seagate Technology during the fourth quarter valued at approximately $48,000. Finally, S.A. Mason LLC bought a new position in shares of Seagate Technology in the 4th quarter worth $55,000. Institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STX. UBS Group lifted their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. StockNews.com downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Morgan Stanley reduced 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 report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Seagate Technology Price Performance

NASDAQ STX opened at $84.95 on Tuesday. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32. The stock has a market capitalization of $17.98 billion, a PE ratio of 15.53 and a beta of 1.01. The business’s 50-day moving average is $95.45 and its 200 day moving average is $98.17.

Seagate Technology Announces Dividend

The firm 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 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 3.39%. Seagate Technology’s dividend payout ratio (DPR) 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.