Adage Capital Partners GP L.L.C. Has $8.12 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Adage Capital Partners GP L.L.C. grew its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 158.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,101 shares of the data storage provider's stock after purchasing an additional 57,700 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Seagate Technology were worth $8,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its position in Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after acquiring an additional 113 shares in the last quarter. Human Investing LLC bought a new stake in Seagate Technology during the fourth quarter worth $48,000. Mizuho Bank Ltd. raised its position in Seagate Technology by 140.0% during the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after acquiring an additional 350 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Seagate Technology during the third quarter worth $54,000. Finally, S.A. Mason LLC bought a new stake in Seagate Technology during the fourth quarter worth $55,000. Institutional investors own 92.87% of the company's stock.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 20,000 shares of the firm'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 sale, the chief executive officer now directly owns 555,677 shares in the company, valued at approximately $46,988,047.12. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Seagate Technology Stock Down 0.7 %

Shares of Seagate Technology stock opened at $82.16 on Tuesday. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of 15.02 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 firm's 50-day moving average price is $84.21 and its two-hundred day moving average price is $93.32.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Benchmark raised shares of 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. Mizuho dropped their price objective on shares of Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Wedbush reissued an "outperform" rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, Citigroup dropped their price objective on shares of Seagate Technology from $115.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.39.

Seagate Technology 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.

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