Hancock Whitney Corp Has $3.64 Million Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Hancock Whitney Corp grew its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 1,326.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,164 shares of the data storage provider's stock after purchasing an additional 39,209 shares during the quarter. Hancock Whitney Corp's holdings in Seagate Technology were worth $3,639,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Seagate Technology during the 3rd quarter worth approximately $54,000. JFS Wealth Advisors LLC lifted its position 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 during the period. Human Investing LLC bought a new position in Seagate Technology during the fourth quarter worth $48,000. Mizuho Bank Ltd. grew its holdings in Seagate Technology by 140.0% in the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after purchasing an additional 350 shares during the period. Finally, S.A. Mason LLC bought a new stake in Seagate Technology in the fourth quarter valued at $55,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Cantor Fitzgerald restated a "neutral" rating and issued a $120.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Rosenblatt Securities raised their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lowered their target price on Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. StockNews.com downgraded shares of Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Northland Securities restated an "outperform" rating and set a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $117.39.

Seagate Technology Price Performance

NASDAQ STX opened at $83.04 on Friday. The business's fifty day moving average is $85.03 and its 200-day moving average is $93.90. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 15.18 and a beta of 1.21. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32.

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.

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