O Shaughnessy Asset Management LLC Has $6.28 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

O Shaughnessy Asset Management LLC cut its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,719 shares of the data storage provider’s stock after selling 4,050 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Seagate Technology were worth $6,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Seagate Technology by 9.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider’s stock worth $4,215,000 after purchasing an additional 4,229 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of Seagate Technology by 87.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider’s stock worth $740,000 after buying an additional 4,014 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Seagate Technology by 9.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider’s stock valued at $7,360,000 after acquiring an additional 7,599 shares in the last quarter. Rheos Capital Works Inc. increased its position in shares of Seagate Technology by 2.5% during the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider’s stock valued at $28,612,000 after acquiring an additional 8,000 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in Seagate Technology by 62.4% during the third quarter. TCW Group Inc. now owns 359,042 shares of the data storage provider’s stock worth $39,326,000 after acquiring an additional 138,001 shares during the period. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on STX shares. Morgan Stanley reduced their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and set a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. The Goldman Sachs Group dropped their target price on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Northland Securities restated an “outperform” rating and set a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. One research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Seagate Technology Stock Down 0.5 %

Shares of STX opened at $84.54 on Wednesday. The business’s 50-day moving average price is $95.12 and its 200-day moving average price is $98.05. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The stock has a market cap of $17.90 billion, a PE ratio of 15.46 and a beta of 1.01.

Seagate Technology Announces Dividend

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 issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s payout ratio is 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.