Thrivent Financial for Lutherans Acquires 1,069 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Thrivent Financial for Lutherans lifted its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 9.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,946 shares of the data storage provider’s stock after purchasing an additional 1,069 shares during the period. Thrivent Financial for Lutherans’ holdings in Seagate Technology were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. State Street Corp grew its stake 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 valued at $937,081,000 after acquiring an additional 541,585 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Seagate Technology by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock valued at $454,477,000 after purchasing an additional 318,416 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Seagate Technology by 29.5% in the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock worth $197,844,000 after purchasing an additional 405,232 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Seagate Technology by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider’s stock worth $117,632,000 after buying an additional 34,979 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Seagate Technology in the third quarter worth $133,031,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $84.54 on Wednesday. The stock has a market capitalization of $17.90 billion, a P/E ratio of 15.46 and a beta of 1.01. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32. The business’s 50 day simple moving average is $95.12 and its two-hundred day simple moving average is $98.05.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.41%. Seagate Technology’s dividend payout ratio is currently 52.65%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com cut Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Susquehanna raised their target price 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. Bank of America cut their price target on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Barclays upped their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research 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 assigned a buy rating to the company. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.