E Fund Management Co. Ltd. Grows Position in Seagate Technology Holdings plc (NASDAQ:STX)

E Fund Management Co. Ltd. boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 49.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,288 shares of the data storage provider’s stock after acquiring an additional 1,414 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Seagate Technology were worth $370,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of STX. Inceptionr LLC purchased a new position in shares of Seagate Technology in the fourth quarter valued at $1,174,000. Raymond James Financial Inc. purchased a new position in shares of Seagate Technology in the fourth quarter valued at $22,961,000. Arizona State Retirement System increased its position in shares of Seagate Technology by 6.9% in the fourth quarter. Arizona State Retirement System now owns 61,112 shares of the data storage provider’s stock valued at $5,275,000 after buying an additional 3,959 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Seagate Technology by 1.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 13,434 shares of the data storage provider’s stock valued at $1,159,000 after buying an additional 166 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Seagate Technology during the fourth quarter valued at $1,324,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 1.6 %

STX stock opened at $88.00 on Friday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The stock’s 50 day moving average is $96.34 and its two-hundred day moving average is $99.70. The company has a market capitalization of $18.63 billion, a PE ratio of 16.09 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. Stockholders of record on Wednesday, March 19th will be issued 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 dividend payout ratio (DPR) is 52.65%.

Wall Street Analyst Weigh In

STX has been the topic of a number of analyst reports. Morgan Stanley decreased their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Bank of America increased their price objective on Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Susquehanna increased their price objective on Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research note on Wednesday, January 22nd. Barclays increased their price objective on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 22nd. Finally, Summit Insights raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

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.