Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lifted its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 83.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,336 shares of the data storage provider's stock after purchasing an additional 7,873 shares during the period. Worldquant Millennium Advisors LLC's holdings in Seagate Technology were worth $1,496,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of STX. JFS Wealth Advisors LLC increased its stake in shares of Seagate Technology by 27.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock valued at $46,000 after purchasing an additional 113 shares in the last quarter. Human Investing LLC bought a new stake in Seagate Technology in the 4th quarter worth approximately $48,000. Mizuho Bank Ltd. grew its position in Seagate Technology by 140.0% in the 4th quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after purchasing an additional 350 shares during the period. Johnson Financial Group Inc. lifted its stake in shares of Seagate Technology by 22.7% in the 4th quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider's stock worth $52,000 after purchasing an additional 112 shares during the period. Finally, S.A. Mason LLC purchased a new position in shares of Seagate Technology during the 4th quarter worth $55,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 70,000 shares of Seagate Technology stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $109.47, for a total transaction of $7,662,900.00. Following the transaction, the chief executive officer now owns 485,677 shares of the company's stock, valued at $53,167,061.19. The trade was a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Kian Fatt Chong sold 6,410 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $111.26, for a total transaction of $713,176.60. The disclosure for this sale can be found here. Insiders have sold a total of 106,856 shares of company stock worth $11,202,861 in the last ninety days. 0.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on STX shares. Rosenblatt Securities reiterated a "buy" rating and issued a $130.00 price target on shares of Seagate Technology in a research note on Friday, May 23rd. Morgan Stanley increased their price objective on shares of Seagate Technology from $99.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Barclays lifted their price objective on shares of Seagate Technology from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, BNP Paribas Exane raised shares of Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus price target of $118.89.

Seagate Technology Price Performance

Shares of NASDAQ:STX traded up $1.47 during mid-day trading on Wednesday, reaching $118.52. 903,648 shares of the company were exchanged, compared to its average volume of 2,977,822. The firm has a market cap of $25.15 billion, a price-to-earnings ratio of 21.61 and a beta of 1.32. The firm's 50-day simple moving average is $87.67 and its 200 day simple moving average is $92.80. Seagate Technology Holdings plc has a 1 year low of $63.19 and a 1 year high of $118.52.

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

Seagate Technology announced that its board has initiated a stock repurchase program on Thursday, May 22nd that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the data storage provider to reacquire up to 21.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be issued 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 2.43%. Seagate Technology's dividend payout ratio (DPR) is presently 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.