First Trust Advisors LP Sells 51,113 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

First Trust Advisors LP trimmed its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 428,419 shares of the data storage provider's stock after selling 51,113 shares during the quarter. First Trust Advisors LP owned 0.20% of Seagate Technology worth $36,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. JFS Wealth Advisors LLC boosted its stake in Seagate Technology by 27.0% in 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 Seagate Technology during the fourth quarter worth $48,000. Mizuho Bank Ltd. lifted 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 during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Seagate Technology in the 3rd quarter valued at $54,000. Finally, S.A. Mason LLC bought a new stake in shares of Seagate Technology in the 4th quarter worth about $55,000. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Seagate Technology

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

Seagate Technology Stock Up 6.3 %

NASDAQ:STX opened at $83.04 on Friday. Seagate Technology Holdings plc has a 12-month low of $63.19 and a 12-month high of $115.32. The stock's fifty day simple moving average is $85.03 and its 200-day simple moving average is $93.90. The firm has a market capitalization of $17.58 billion, a P/E ratio of 15.18 and a beta of 1.21.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STX. Northland Securities reissued an "outperform" rating and set a $160.00 price target (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Susquehanna raised their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a report on Wednesday, January 22nd. Wells Fargo & Company reduced their target price on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. UBS Group raised their price target on Seagate Technology from $95.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.39.

About Seagate Technology

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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