Ossiam Grows Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Ossiam raised its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 294.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,926 shares of the data storage provider's stock after acquiring an additional 11,143 shares during the period. Ossiam's holdings in Seagate Technology were worth $1,288,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in shares of Seagate Technology by 56.5% during the 4th quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider's stock valued at $1,348,262,000 after buying an additional 5,640,443 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Seagate Technology by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 982,649 shares of the data storage provider's stock valued at $84,814,000 after purchasing an additional 9,821 shares during the period. Forum Financial Management LP increased its position in shares of Seagate Technology by 35.9% during the 4th quarter. Forum Financial Management LP now owns 4,222 shares of the data storage provider's stock valued at $364,000 after purchasing an additional 1,115 shares during the last quarter. Adams Wealth Management lifted its stake in shares of Seagate Technology by 5.5% in the 4th quarter. Adams Wealth Management now owns 10,056 shares of the data storage provider's stock worth $868,000 after purchasing an additional 524 shares during the period. Finally, Alpha DNA Investment Management LLC purchased a new position in shares of Seagate Technology in the fourth quarter worth approximately $802,000. Hedge funds and other institutional investors own 92.87% of the company's stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology 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 owns 555,677 shares of the company's stock, valued at $46,988,047.12. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by company insiders.

Seagate Technology Stock Performance

Shares of STX traded down $0.34 during mid-day trading on Friday, hitting $82.70. 4,055,435 shares of the stock were exchanged, compared to its average volume of 2,772,895. The company has a market cap of $17.51 billion, a PE ratio of 15.12 and a beta of 1.21. Seagate Technology Holdings plc has a 52-week low of $63.19 and a 52-week high of $115.32. The firm has a 50-day moving average of $85.03 and a two-hundred day moving average of $93.90.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on STX shares. The Goldman Sachs Group decreased their price target on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Morgan Stanley lowered their target price on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. StockNews.com cut Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Benchmark raised Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $120.00 target price on shares of Seagate Technology in a 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.