Bridgewater Associates LP purchased a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 28,582 shares of the data storage provider's stock, valued at approximately $2,467,000.
A number of other hedge funds also recently made changes to their positions in STX. JFS Wealth Advisors LLC lifted its holdings in shares of 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 acquiring an additional 113 shares in the last quarter. Human Investing LLC acquired a new position in shares of Seagate Technology during the 4th quarter valued at $48,000. Mizuho Bank Ltd. increased its stake in Seagate Technology by 140.0% during the 4th quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after buying an additional 350 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Seagate Technology during the 3rd quarter worth $54,000. Finally, S.A. Mason LLC purchased a new stake in Seagate Technology during the 4th quarter worth $55,000. Institutional investors and hedge funds own 92.87% of the company's stock.
Insider Activity at Seagate Technology
In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the sale, the chief executive officer now owns 555,677 shares of the company's stock, valued at $46,988,047.12. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
STX has been the topic of a number of research reports. Bank of America dropped their price target on Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Northland Securities reaffirmed an "outperform" rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Cantor Fitzgerald reissued a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. Mizuho reduced their price objective on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Finally, Susquehanna raised their price objective on Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.39.
Read Our Latest Analysis on STX
Seagate Technology Price Performance
Shares of STX stock traded up $4.14 during trading hours on Thursday, hitting $82.23. 2,066,393 shares of the company's stock were exchanged, compared to its average volume of 2,778,041. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 15.07 and a beta of 1.21. The stock's 50-day moving average is $85.40 and its 200-day moving average is $94.06. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32.
Seagate Technology Company Profile
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Free Report)
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.
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