Boothbay Fund Management LLC Increases Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Boothbay Fund Management LLC grew its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 45.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,360 shares of the data storage provider's stock after purchasing an additional 45,420 shares during the quarter. Boothbay Fund Management LLC owned about 0.07% of Seagate Technology worth $12,546,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after buying an additional 113 shares in the last quarter. Human Investing LLC acquired a new position in shares of Seagate Technology during the fourth quarter valued at about $48,000. Mizuho Bank Ltd. increased its holdings in shares of Seagate Technology by 140.0% during the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock valued at $52,000 after acquiring an additional 350 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Seagate Technology in the 3rd quarter valued at approximately $54,000. Finally, S.A. Mason LLC acquired a new stake in Seagate Technology in the 4th quarter worth approximately $55,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the transaction, the chief executive officer now directly owns 555,677 shares of the company's stock, valued at approximately $46,988,047.12. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Northland Securities reaffirmed an "outperform" rating and issued a $160.00 price target (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. StockNews.com cut Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Morgan Stanley cut their price objective on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $120.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $117.39.

Seagate Technology Trading Down 0.7 %

STX traded down $0.56 during trading on Tuesday, hitting $81.60. The company's stock had a trading volume of 6,458,387 shares, compared to its average volume of 2,786,163. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 14.92 and a beta of 1.21. Seagate Technology Holdings plc has a twelve month low of $63.19 and a twelve month high of $115.32. The business's fifty day simple moving average is $84.21 and its 200 day simple moving average is $93.32.

Seagate Technology 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.