Proficio Capital Partners LLC Invests $1.07 Million in Seagate Technology Holdings plc (NASDAQ:STX)

Proficio Capital Partners LLC acquired a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 12,342 shares of the data storage provider’s stock, valued at approximately $1,065,000.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in Seagate Technology during the third quarter worth $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Seagate Technology by 341.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock worth $143,370,000 after purchasing an additional 1,012,638 shares during the last quarter. State Street Corp boosted its holdings in Seagate Technology by 6.8% during the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after purchasing an additional 541,585 shares during the last quarter. National Pension Service acquired a new position in Seagate Technology during the fourth quarter worth $43,436,000. Finally, Los Angeles Capital Management LLC boosted its holdings in Seagate Technology by 176.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock worth $64,007,000 after purchasing an additional 473,484 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on STX. Northland Securities reiterated an “outperform” rating and issued a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Susquehanna increased their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research note on Wednesday, January 22nd. StockNews.com cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Seagate Technology Stock Performance

NASDAQ STX opened at $88.27 on Friday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The stock has a market cap of $18.69 billion, a PE ratio of 16.14 and a beta of 1.01. The firm has a 50-day moving average of $96.32 and a 200-day moving average of $98.76.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is 52.65%.

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.