Seagate Technology Holdings plc (NASDAQ:STX) Shares Bought by GAM Holding AG

GAM Holding AG increased its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,785 shares of the data storage provider's stock after buying an additional 25,614 shares during the quarter. Seagate Technology comprises approximately 1.4% of GAM Holding AG's investment portfolio, making the stock its 13th biggest position. GAM Holding AG owned about 0.11% of Seagate Technology worth $18,934,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. CVA Family Office LLC bought a new position in shares of Seagate Technology in the 4th quarter valued at $27,000. Parkside Financial Bank & Trust lifted its stake in shares of Seagate Technology by 85.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider's stock valued at $29,000 after acquiring an additional 205 shares during the last quarter. State of Wyoming bought a new position in shares of Seagate Technology in the 4th quarter valued at $36,000. Exchange Traded Concepts LLC bought a new position in shares of Seagate Technology in the 4th quarter valued at $43,000. Finally, CENTRAL TRUST Co lifted its stake in shares of Seagate Technology by 50.0% in the 3rd quarter. CENTRAL TRUST Co now owns 900 shares of the data storage provider's stock valued at $48,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Analysts Set New Price Targets

STX has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on Seagate Technology from $65.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 26th. Wells Fargo & Company lifted their target price on Seagate Technology from $80.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, February 1st. Morgan Stanley raised Seagate Technology from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $73.00 to $115.00 in a report on Tuesday, March 26th. TD Cowen lifted their target price on Seagate Technology from $85.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $95.00 target price on shares of Seagate Technology in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $84.17.

Seagate Technology Price Performance

Shares of NASDAQ STX traded up $1.40 during midday trading on Wednesday, reaching $91.63. The company's stock had a trading volume of 2,584,933 shares, compared to its average volume of 2,769,082. Seagate Technology Holdings plc has a 12-month low of $54.32 and a 12-month high of $101.26. The firm has a 50 day moving average price of $89.67 and a 200-day moving average price of $80.42. The stock has a market capitalization of $19.20 billion, a P/E ratio of -26.18, a PEG ratio of 3,792.56 and a beta of 1.04.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The data storage provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.19. The firm had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.56 billion. On average, equities analysts predict that Seagate Technology Holdings plc will post 0.02 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.06%. Seagate Technology's dividend payout ratio is currently -80.00%.

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.