UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $140.45 Million Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 24.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,627,264 shares of the data storage provider's stock after acquiring an additional 318,306 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.77% of Seagate Technology worth $140,449,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of STX. JFS Wealth Advisors LLC raised its holdings in Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after buying an additional 113 shares during the period. Human Investing LLC bought a new position in Seagate Technology in the fourth quarter valued at approximately $48,000. Mizuho Bank Ltd. lifted its stake in Seagate Technology by 140.0% in the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock valued at $52,000 after buying an additional 350 shares in the last quarter. Johnson Financial Group Inc. lifted its position in Seagate Technology by 22.7% in 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 in the last quarter. Finally, S.A. Mason LLC bought a new stake in Seagate Technology in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, SVP Kian Fatt Chong sold 6,410 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $111.26, for a total transaction of $713,176.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred 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 approximately $46,988,047.12. The trade was a 3.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,856 shares of company stock worth $11,202,861. Insiders own 0.81% of the company's stock.

Seagate Technology Trading Up 3.8%

Shares of Seagate Technology stock traded up $4.31 during trading on Tuesday, hitting $117.05. 4,485,122 shares of the stock were exchanged, compared to its average volume of 2,985,638. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of 21.40 and a beta of 1.32. The company has a fifty day moving average price of $87.09 and a 200-day moving average price of $92.64. Seagate Technology Holdings plc has a 1-year low of $63.19 and a 1-year high of $117.31.

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

Seagate Technology announced that its Board of Directors has authorized a share buyback program on Thursday, May 22nd that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the data storage provider to reacquire up to 21.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Seagate Technology Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a yield of 2.46%. Seagate Technology's dividend payout ratio (DPR) is currently 41.62%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wedbush reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of Seagate Technology in a research report on Wednesday, May 21st. BNP Paribas Exane raised shares of Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research report on Friday, May 16th. Citigroup boosted 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, May 20th. Wells Fargo & Company boosted their price objective on shares of Seagate Technology from $105.00 to $122.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Seagate Technology from $99.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average target price of $118.37.

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.