Centiva Capital LP Acquires Shares of 6,561 Seagate Technology Holdings plc (NASDAQ:STX)

Centiva Capital LP acquired a new stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,561 shares of the data storage provider's stock, valued at approximately $566,000.

A number of other institutional investors also recently modified their holdings of STX. Berkshire Bank lifted its position in Seagate Technology by 2.6% during the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider's stock valued at $355,000 after purchasing an additional 103 shares during the last quarter. MWA Asset Management lifted its holdings in shares of Seagate Technology by 0.5% in the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider's stock worth $1,695,000 after acquiring an additional 104 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in Seagate Technology by 22.7% during the 4th quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider's stock valued at $52,000 after acquiring an additional 112 shares during the period. JFS Wealth Advisors LLC increased its position 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 valued at $46,000 after acquiring an additional 113 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Seagate Technology by 2.3% during the fourth quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider's stock valued at $431,000 after acquiring an additional 113 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STX has been the topic of a number of recent research reports. Mizuho cut their target price on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Bank of America dropped their target price on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Benchmark raised Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Seagate Technology in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Seagate Technology currently has an average rating of "Moderate Buy" and an average price target of $114.89.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was 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 of the company's stock, valued at approximately $46,988,047.12. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is owned by insiders.

Seagate Technology Trading Down 0.3%

Shares of STX stock traded down $0.28 during trading hours on Wednesday, reaching $105.19. 4,245,605 shares of the stock were exchanged, compared to its average volume of 2,900,471. The firm has a market capitalization of $22.32 billion, a price-to-earnings ratio of 19.23 and a beta of 1.32. Seagate Technology Holdings plc has a 12-month low of $63.19 and a 12-month high of $115.32. The company's 50-day moving average price is $83.01 and its 200-day moving average price is $92.19.

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

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Wednesday, June 25th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 annualized dividend and a dividend yield of 2.74%. Seagate Technology's payout ratio is currently 41.62%.

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.