TLDR:
Massmutual Trust Co. FSB ADV has increased its stock holdings in Seagate Technology Holdings plc by 91% during the fourth quarter, holding 1,236 shares worth $106,000. Other hedge funds have also made modifications to their holdings in STX, contributing to a collective ownership of 85.26% by institutional investors and hedge funds. Seagate Technology’s stock is currently trading up by 0.3%.
Full Article:
Massmutual Trust Co. FSB ADV significantly raised its stake in Seagate Technology Holdings plc during the fourth quarter, acquiring an additional 589 shares and bringing their total holdings to 1,236 shares valued at $106,000. This move is part of a larger trend of hedge fund adjustments in Seagate Technology’s stock, with other institutions like Parkside Financial Bank & Trust, State of Wyoming, CENTRAL TRUST Co, Larson Financial Group LLC, and Stonebridge Capital Advisors LLC also altering their positions in the data storage provider.
Seagate Technology Holdings plc’s stock is currently trading at $86.01 on NASDAQ, with a 1-year low of $54.32 and a high of $101.26. The company recently posted positive earnings results, surpassing analyst estimates and reporting a revenue of $1.56 billion for the quarter. Analysts predict that Seagate Technology will post -0.17 EPS for the current fiscal year. The company has also announced a quarterly dividend of $0.70, providing investors with a 3.26% dividend yield.
Several brokerages have issued reports on STX, with varying ratings and price targets. Barclays, Wedbush, StockNews.com, Cantor Fitzgerald, and Wells Fargo & Company are among those who have shared their insights on Seagate Technology’s stock. MarketBeat.com reports that the company has an average rating of “Hold” and an average price target of $81.50.
Seagate Technology Holdings plc offers data storage technology and solutions globally, with a focus on mass capacity storage products and enterprise solutions. The company’s stock has attracted interest from various hedge funds and investors, showcasing a dynamic market surrounding Seagate Technology’s growth and performance.