Seagate Technology Holdings plc (NASDAQ:STX) Shares Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,001 shares of the data storage provider's stock after purchasing an additional 2,484 shares during the period. Rafferty Asset Management LLC's holdings in Seagate Technology were worth $6,387,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STX. Capital Research Global Investors raised its stake in Seagate Technology by 56.5% in the 4th quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider's stock valued at $1,348,262,000 after acquiring an additional 5,640,443 shares during the period. Vanguard Group Inc. boosted its stake in Seagate Technology by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider's stock worth $2,414,446,000 after buying an additional 1,814,821 shares in the last quarter. Marshall Wace LLP purchased a new stake in Seagate Technology in the fourth quarter worth approximately $77,341,000. Junto Capital Management LP purchased a new stake in Seagate Technology in the fourth quarter worth approximately $60,303,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Seagate Technology by 2,853.4% during the fourth quarter. Janus Henderson Group PLC now owns 670,976 shares of the data storage provider's stock valued at $57,925,000 after purchasing an additional 648,257 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 555,677 shares in the company, valued at $46,988,047.12. The trade was a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on STX shares. Mizuho reduced their price target 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. Susquehanna boosted their price target on Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a research note on Wednesday, January 22nd. UBS Group boosted their price target on Seagate Technology from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Morgan Stanley cut their price objective on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Finally, Citigroup raised their price objective on shares of Seagate Technology from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of "Moderate Buy" and an average target price of $116.21.

Seagate Technology Stock Performance

NASDAQ:STX traded down $2.07 during mid-day trading on Tuesday, hitting $106.97. The company had a trading volume of 3,404,138 shares, compared to its average volume of 2,925,765. Seagate Technology Holdings plc has a fifty-two week low of $63.19 and a fifty-two week high of $115.32. The business's fifty day moving average is $85.44 and its two-hundred day moving average is $92.52. The firm has a market cap of $22.70 billion, a P/E ratio of 19.56 and a beta of 1.32.

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

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, June 25th. Seagate Technology's payout ratio is 41.62%.

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.