Tower Research Capital LLC TRC increased its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 211.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,525 shares of the data storage provider's stock after buying an additional 11,214 shares during the period. Tower Research Capital LLC TRC's holdings in Seagate Technology were worth $1,426,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its stake in shares of Seagate Technology by 27.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after purchasing an additional 113 shares during the last quarter. Human Investing LLC bought a new stake in shares of Seagate Technology in the 4th quarter valued at about $48,000. Mizuho Bank Ltd. increased its stake in shares of Seagate Technology by 140.0% in the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock valued at $52,000 after buying an additional 350 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Seagate Technology during the third quarter worth about $54,000. Finally, S.A. Mason LLC acquired a new position in shares of Seagate Technology in the fourth quarter worth approximately $55,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Seagate Technology
In other news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now owns 555,677 shares in the company, valued at $46,988,047.12. This represents a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.81% of the company's stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. Wedbush restated an "outperform" rating and set a $150.00 price target 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 company a "negative" rating in a report on Wednesday, January 22nd. Summit Insights upgraded Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Northland Securities reissued an "outperform" rating and issued a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, UBS Group raised their target price on Seagate Technology from $95.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $117.39.
View Our Latest Research Report on STX
Seagate Technology Price Performance
STX opened at $78.09 on Thursday. Seagate Technology Holdings plc has a fifty-two week low of $63.19 and a fifty-two week high of $115.32. The firm has a market capitalization of $16.53 billion, a PE ratio of 14.28 and a beta of 1.21. The company's 50-day moving average is $85.40 and its 200 day moving average is $94.06.
Seagate Technology Company Profile
(
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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