896,087 Shares in Seagate Technology Holdings plc (NASDAQ:STX) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 896,087 shares of the data storage provider's stock, valued at approximately $77,341,000. Marshall Wace LLP owned 0.42% of Seagate Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its position in shares of Seagate Technology by 15.1% during the third quarter. Orion Portfolio Solutions LLC now owns 2,452 shares of the data storage provider's stock valued at $269,000 after purchasing an additional 321 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Seagate Technology in the 3rd quarter valued at $612,000. World Investment Advisors LLC acquired a new stake in shares of Seagate Technology during the 3rd quarter valued at about $217,000. Wilmington Savings Fund Society FSB bought a new stake in Seagate Technology in the third quarter valued at about $54,000. Finally, Optimist Retirement Group LLC acquired a new position in Seagate Technology in the third quarter worth about $249,000. 92.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated 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 directly owns 555,677 shares in the company, valued at approximately $46,988,047.12. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.81% of the company's stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock traded up $2.98 on Friday, hitting $75.80. 4,588,360 shares of the company's stock traded hands, compared to its average volume of 2,793,337. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32. The stock has a market capitalization of $16.05 billion, a PE ratio of 13.86 and a beta of 1.21. The firm's 50-day moving average price is $86.90 and its two-hundred day moving average price is $94.73.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is currently 52.65%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on STX shares. The Goldman Sachs Group dropped their target price on Seagate Technology from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Morgan Stanley reduced their target price on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Mizuho dropped their target price on shares of Seagate Technology from $115.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Bank of America reduced their price target on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Finally, Citigroup dropped their price objective on shares of Seagate Technology from $115.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. One equities 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $118.78.

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.