Trexquant Investment LP Has $16.40 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Trexquant Investment LP grew its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 102.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,993 shares of the data storage provider's stock after purchasing an additional 95,969 shares during the period. Trexquant Investment LP owned about 0.09% of Seagate Technology worth $16,398,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in STX. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Seagate Technology by 9.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider's stock worth $4,215,000 after purchasing an additional 4,229 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Seagate Technology by 87.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider's stock worth $740,000 after purchasing an additional 4,014 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Seagate Technology by 9.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider's stock valued at $7,360,000 after purchasing an additional 7,599 shares during the period. Rheos Capital Works Inc. boosted its stake in shares of Seagate Technology by 2.5% in the 4th quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider's stock valued at $28,612,000 after purchasing an additional 8,000 shares during the last quarter. Finally, TCW Group Inc. raised its stake in shares of Seagate Technology by 62.4% during the third quarter. TCW Group Inc. now owns 359,042 shares of the data storage provider's stock worth $39,326,000 after buying an additional 138,001 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

Remove Ads

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on 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 owns 555,677 shares in the company, valued at $46,988,047.12. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Performance

Seagate Technology stock traded down $4.80 during mid-day trading on Friday, reaching $66.73. The company's stock had a trading volume of 9,249,913 shares, compared to its average volume of 2,690,581. The business's 50 day simple moving average is $93.10 and its 200 day simple moving average is $97.51. Seagate Technology Holdings plc has a 12 month low of $63.95 and a 12 month high of $115.32. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 12.20 and a beta of 1.01.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.

Analyst Ratings Changes

Several analysts have commented on STX shares. Benchmark upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company cut their target price on Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Rosenblatt Securities boosted their target price on Seagate Technology from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group reduced their price objective on shares of Seagate Technology from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Finally, Susquehanna increased 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $121.00.

About Seagate Technology

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.