Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 68.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,049 shares of the data storage provider's stock after buying an additional 58,300 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Seagate Technology worth $12,212,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund raised its stake in shares of Seagate Technology by 203.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 52,460 shares of the data storage provider's stock valued at $4,479,000 after purchasing an additional 35,146 shares during the period. California Public Employees Retirement System raised its stake in shares of Seagate Technology by 4.9% during the 4th quarter. California Public Employees Retirement System now owns 392,701 shares of the data storage provider's stock valued at $33,525,000 after purchasing an additional 18,443 shares during the period. Capital Investment Advisory Services LLC increased its stake in Seagate Technology by 4.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 4,655 shares of the data storage provider's stock worth $397,000 after acquiring an additional 185 shares during the last quarter. CWM LLC increased its stake in Seagate Technology by 3.9% in the 4th quarter. CWM LLC now owns 3,441 shares of the data storage provider's stock worth $294,000 after acquiring an additional 130 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Seagate Technology by 5.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,763 shares of the data storage provider's stock worth $2,626,000 after acquiring an additional 1,614 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Trading Down 0.1 %

NASDAQ STX traded down $0.10 on Wednesday, hitting $85.81. The company's stock had a trading volume of 2,047,651 shares, compared to its average volume of 2,840,845. Seagate Technology Holdings plc has a 52-week low of $54.47 and a 52-week high of $101.26. The company's 50-day simple moving average is $89.21 and its 200 day simple moving average is $83.26. The firm has a market cap of $18.02 billion, a P/E ratio of -66.60, a PEG ratio of 238.73 and a beta of 1.04.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The data storage provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company posted ($0.43) EPS. The firm's revenue was down 11.0% on a year-over-year basis. On average, research analysts forecast that Seagate Technology Holdings plc will post 0.3 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Thursday, June 20th. Seagate Technology's dividend payout ratio (DPR) is presently -217.05%.

Wall Street Analysts Forecast Growth

STX has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on Seagate Technology in a research note on Tuesday, February 27th. They issued an "outperform" rating and a $110.00 target price on the stock. Robert W. Baird upped their target price on Seagate Technology from $70.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, January 25th. Wedbush upgraded Seagate Technology from a "neutral" rating to an "outperform" rating and set a $100.00 price objective for the company in a report on Wednesday. UBS Group upped their price objective on Seagate Technology from $90.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. Finally, Susquehanna upped their price objective on Seagate Technology from $50.00 to $55.00 and gave the stock a "negative" rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $94.53.

About Seagate Technology

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.