Guggenheim Capital LLC Sells 4,092 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Guggenheim Capital LLC decreased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,964 shares of the data storage provider's stock after selling 4,092 shares during the quarter. Guggenheim Capital LLC's holdings in Seagate Technology were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in STX. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Seagate Technology by 9.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider's stock valued at $4,215,000 after purchasing an additional 4,229 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Seagate Technology by 87.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider's stock worth $740,000 after buying an additional 4,014 shares in the last quarter. Norges Bank purchased a new stake in shares of Seagate Technology in the 4th quarter valued at about $25,729,000. Asset Management One Co. Ltd. boosted its position in shares of Seagate Technology by 9.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider's stock valued at $7,360,000 after acquiring an additional 7,599 shares during the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in shares of Seagate Technology by 2.5% during the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider's stock worth $28,612,000 after purchasing an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX traded up $0.04 during trading hours on Friday, hitting $83.08. The company's stock had a trading volume of 1,563,668 shares, compared to its average volume of 2,763,785. The business has a 50-day simple moving average of $85.03 and a 200-day simple moving average of $93.90. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 15.15 and a beta of 1.21. Seagate Technology Holdings plc has a 12 month low of $63.19 and a 12 month high of $115.32.

Insider Transactions at Seagate Technology

In other 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

STX has been the subject of several research analyst reports. Citigroup dropped their target price on shares of Seagate Technology from $115.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays dropped their price objective on shares of Seagate Technology from $105.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday. Rosenblatt Securities increased their target price on Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company dropped their price target on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.39.

Seagate Technology Company 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.