Renaissance Technologies LLC Raises Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Renaissance Technologies LLC lifted its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 41.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,027,793 shares of the data storage provider's stock after purchasing an additional 300,400 shares during the period. Renaissance Technologies LLC owned about 0.49% of Seagate Technology worth $88,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in STX. Quarry LP grew its holdings in Seagate Technology by 108.4% in the third quarter. Quarry LP now owns 546 shares of the data storage provider's stock valued at $60,000 after purchasing an additional 284 shares during the period. Quantinno Capital Management LP grew its stake in Seagate Technology by 36.9% in the 3rd quarter. Quantinno Capital Management LP now owns 23,188 shares of the data storage provider's stock valued at $2,540,000 after acquiring an additional 6,249 shares during the period. National Bank of Canada FI increased its holdings in Seagate Technology by 110.7% in the 3rd quarter. National Bank of Canada FI now owns 126,452 shares of the data storage provider's stock worth $13,850,000 after acquiring an additional 66,423 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in 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 worth $269,000 after acquiring an additional 321 shares during the period. Finally, MML Investors Services LLC lifted its holdings in Seagate Technology by 32.7% during the third quarter. MML Investors Services LLC now owns 19,283 shares of the data storage provider's stock valued at $2,112,000 after purchasing an additional 4,751 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays upped their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 22nd. Morgan Stanley decreased 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. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, UBS Group upped their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Seagate Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.17.

Seagate Technology Stock Up 3.1 %

NASDAQ:STX traded up $2.19 on Monday, reaching $72.34. The company's stock had a trading volume of 1,015,927 shares, compared to its average volume of 2,761,645. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 13.22 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. The stock has a 50 day moving average price of $89.19 and a 200 day moving average price of $95.75.

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 given a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 3.98%. Seagate Technology's payout ratio is currently 52.65%.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 555,677 shares in the company, valued at approximately $46,988,047.12. This represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by insiders.

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.