Seagate Technology Holdings plc: Proficio Capital Partners LLC Acquires New Stake in Company
Proficio Capital Partners LLC recently acquired a new stake in Seagate Technology Holdings plc, a data storage provider, during the 4th quarter. The institutional investor purchased 12,342 shares of the company’s stock, valued at approximately $1,065,000. This acquisition is part of a trend among institutional investors and hedge funds who have been modifying their holdings of Seagate Technology.
Other notable changes in ownership include Janney Montgomery Scott LLC increasing its stake by 13.9% and QRG Capital Management Inc. raising its stake by 1.8%. Amalgamated Bank, M&G PLC, and Graypoint LLC also saw increases in their holdings of Seagate Technology. Overall, hedge funds and other institutional investors now own 92.87% of the company’s stock.
In terms of analyst ratings, Seagate Technology has received positive feedback from various research reports. Analysts have given the stock a consensus rating of “Moderate Buy” with a consensus target price of $122.56. The company’s stock performance has been steady, with a 1 year low of $82.31 and a high of $115.32.
Additionally, Seagate Technology recently announced a quarterly dividend, with investors set to receive a $0.72 dividend on April 2nd. The ex-dividend date is March 19th, and the annualized dividend yield is 3.27%. The company’s dividend payout ratio is currently 52.65%.
Seagate Technology Holdings plc provides data storage technology and solutions globally, offering a range of mass capacity storage products. With a market cap of $18.63 billion and a strong performance history, Seagate Technology continues to be a key player in the data storage industry.
