Axa S.A. Purchases 15,763 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

AXA S.A. lifted its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 465.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,150 shares of the data storage provider's stock after purchasing an additional 15,763 shares during the quarter. AXA S.A.'s holdings in Seagate Technology were worth $1,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. World Investment Advisors LLC acquired a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $217,000. Wilmington Savings Fund Society FSB acquired a new stake in Seagate Technology in the third quarter valued at $54,000. Tidal Investments LLC raised its stake in shares of Seagate Technology by 21.3% during the 3rd quarter. Tidal Investments LLC now owns 5,441 shares of the data storage provider's stock worth $596,000 after buying an additional 956 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Seagate Technology by 74.2% in the 3rd quarter. Principal Financial Group Inc. now owns 354,013 shares of the data storage provider's stock worth $38,775,000 after buying an additional 150,734 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Seagate Technology by 5.8% in the 4th quarter. Nordea Investment Management AB now owns 15,555 shares of the data storage provider's stock valued at $1,349,000 after acquiring an additional 856 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STX. Cantor Fitzgerald restated a "neutral" rating and set a $120.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 22nd. Bank of America dropped their price objective on Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Benchmark raised shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research note on Wednesday, January 22nd. Rosenblatt Securities reissued a "buy" rating and issued a $130.00 price objective on shares of Seagate Technology in a research report on Wednesday, April 30th. Finally, Morgan Stanley lowered their target price on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $114.89.

Seagate Technology Trading Up 6.5%

STX stock traded up $6.24 during trading on Monday, reaching $101.95. The stock had a trading volume of 5,791,892 shares, compared to its average volume of 2,885,778. The company has a market capitalization of $21.64 billion, a P/E ratio of 18.64 and a beta of 1.32. The firm has a fifty day moving average price of $82.82 and a 200 day moving average price of $92.19. Seagate Technology Holdings plc has a 1-year low of $63.19 and a 1-year high of $115.32.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.15. The firm had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.14 billion. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. Seagate Technology's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Sell-side analysts predict that Seagate Technology Holdings plc will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a yield of 2.82%. Seagate Technology's dividend payout ratio (DPR) is presently 41.62%.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by insiders.

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.