Mizuho Securities USA LLC Acquires 6,431 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Mizuho Securities USA LLC raised its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 47.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,048 shares of the data storage provider’s stock after purchasing an additional 6,431 shares during the period. Mizuho Securities USA LLC’s holdings in Seagate Technology were worth $1,730,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after purchasing an additional 258 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Seagate Technology in the third quarter worth approximately $53,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology during the third quarter valued at approximately $54,000. Brooklyn Investment Group bought a new stake in shares of Seagate Technology during the third quarter valued at approximately $56,000. Finally, JFS Wealth Advisors LLC raised its holdings in Seagate Technology by 27.0% in 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 during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Down 0.9 %

STX stock opened at $87.96 on Wednesday. The business’s 50-day moving average price is $96.25 and its 200-day moving average price is $98.61. The stock has a market cap of $18.62 billion, a P/E ratio of 16.08 and a beta of 1.01. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.27%. Seagate Technology’s payout ratio is currently 52.65%.

Wall Street Analyst Weigh In

Several brokerages have commented on STX. Susquehanna increased 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. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Rosenblatt Securities upped their target price on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Mizuho dropped their price target on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Wedbush reissued an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. One 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 stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.