Mirabella Financial Services LLP raised its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 137.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,565 shares of the data storage provider's stock after buying an additional 31,615 shares during the period. Mirabella Financial Services LLP's holdings in Seagate Technology were worth $4,710,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Seagate Technology by 9.5% during the fourth 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 acquiring an additional 4,229 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of 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 valued at $740,000 after purchasing an additional 4,014 shares in the last quarter. Norges Bank bought a new position in Seagate Technology during the 4th quarter valued at approximately $25,729,000. Asset Management One Co. Ltd. raised its position in shares of Seagate Technology by 9.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider's stock worth $7,360,000 after purchasing an additional 7,599 shares during the last quarter. Finally, Rheos Capital Works Inc. lifted its stake in shares of Seagate Technology by 2.5% in the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider's stock worth $28,612,000 after buying an additional 8,000 shares in the last quarter. Institutional investors own 92.87% of the company's stock.
Insider Activity
In other news, CEO William D. Mosley sold 20,000 shares of the business'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 owns 555,677 shares in the company, valued at approximately $46,988,047.12. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.
Analyst Ratings Changes
STX has been the subject of a number of research analyst reports. StockNews.com lowered shares of Seagate Technology from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Bank of America cut their price objective on Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. 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 boosted their target price 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. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.39.
Read Our Latest Analysis on STX
Seagate Technology Trading Up 3.6 %
Shares of STX traded up $2.73 during trading hours on Wednesday, reaching $78.09. 4,013,720 shares of the company traded hands, compared to its average volume of 2,780,443. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 14.28 and a beta of 1.21. The stock's fifty day moving average price is $85.87 and its 200 day moving average price is $94.17. Seagate Technology Holdings plc has a 12-month low of $63.19 and a 12-month high of $115.32.
About Seagate Technology
(
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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