<div id="readability-page-1"><p>Rexford Capital Inc. acquired a new position in shares of  Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,821 shares of the data storage provider's stock, valued at approximately $551,000.</p><div><p><span></span><span>Get <strong>Seagate Technology</strong> alerts:</span></p></div><ul><li>Seagate Stock Could Soar as AI Drives Storage Demand</li></ul><p>Other large investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of  Seagate Technology by 5.0% during the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider's stock worth $1,305,499,000 after purchasing an additional 432,455 shares during the last quarter.  Geode Capital Management LLC boosted its position in  Seagate Technology by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider's stock worth $656,066,000 after buying an additional 85,660 shares during the period.  Royal Bank of Canada grew its holdings in  Seagate Technology by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider's stock worth $138,378,000 after acquiring an additional 12,424 shares during the last quarter.  Soroban Capital Partners LP increased its position in  Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock valued at $204,602,000 after acquiring an additional 1,327,197 shares during the period.  Finally, Charles Schwab Investment Management Inc. raised its stake in shares of  Seagate Technology by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,386,524 shares of the data storage provider's stock valued at $200,117,000 after acquiring an additional 20,618 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors. </p><h2>Seagate Technology Price Performance</h2><p>NASDAQ STX opened at $287.64 on Friday. The stock has a market capitalization of $61.43 billion, a P/E ratio of 36.92, a P/E/G ratio of 1.13 and a beta of 1.59. The business has a 50 day simple moving average of $254.10 and a 200 day simple moving average of $194.52. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $308.93. </p><h2>Seagate Technology Increases Dividend</h2><ul><li>3 Stocks Showing Relative Strength as Markets Pull Back</li></ul><p>The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, December 24th. This is a boost from Seagate Technology's previous quarterly dividend of $0.72. Seagate Technology's dividend payout ratio  is presently 36.97%. </p><h2>Insider Buying and Selling at Seagate Technology</h2><p>In other Seagate Technology news, CFO Gianluca Romano sold 54,021 shares of the firm's stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the sale, the chief financial officer directly owned 56,293 shares in the company, valued at approximately $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kian Fatt Chong sold 7,078 shares of the company's stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $272.14, for a total transaction of $1,926,206.92. The SEC filing for this sale provides additional information. Insiders sold 132,932 shares of company stock valued at $36,109,652 over the last 90 days. Insiders own  0.79% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><ul><li>Seagate's Record Earnings Prove Its Role as a Core AI Player</li></ul><p>A number of analysts recently weighed in on STX shares. Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of Seagate Technology in a report on Monday, December 8th. Loop Capital upped their price target on Seagate Technology from $350.00 to $465.00 and gave the company a &#34;buy&#34; rating in a research report on Monday, November 10th. Argus raised their price objective on Seagate Technology from $170.00 to $300.00 and gave the stock a &#34;strong-buy&#34; rating in a research report on Thursday, October 30th. UBS Group reduced their target price on Seagate Technology from $235.00 to $230.00 and set a &#34;neutral&#34; rating on the stock in a report on Wednesday, October 29th. Finally, BNP Paribas Exane lowered their price target on shares of Seagate Technology from $240.00 to $230.00 and set a &#34;neutral&#34; rating for the company in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned  a Buy rating, five have given a Hold rating and one  has assigned  a Sell rating to the company. According to MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and an average price target of $287.17.</p><p><b>View Our Latest Analysis on Seagate Technology</b></p><h2>About Seagate Technology</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Seagate Technology</li><li>How to Invest in Insurance Companies: A Guide </li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>How to find penny stocks to invest and trade </li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>3 Grocery Stocks That Are Proving They Are Still Essential </li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><strong>Want to see what other hedge funds are holding STX?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1RY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1RY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Seagate Technology Right Now?</h2><p>Before you consider Seagate Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seagate Technology wasn't on the list.</p><p>While Seagate Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

REXR

<p>Rexford Capital Inc. acquired 3,821 shares of Seagate Technology Holdings PLC during Q2, valued at approximately $551,000. Other large investors, including State Street Corp, Geode Capital Management LLC, and Royal Bank of Canada, also increased their holdings. Seagate's stock opened at $287.64 with a market cap of $61.43 billion. The company announced a quarterly dividend of $0.74 per share, up from $0.72. Insiders sold 132,932 shares valued at $36,109,652 over the last 90 days. Analysts have set new price targets for the stock.</p>

Rexford Capital Inc. Acquires New Shares in Seagate Technology Holdings PLC $STX