Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 75.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,138 shares of the data storage provider's stock after acquiring an additional 19,399 shares during the period. Gotham Asset Management LLC's holdings in Seagate Technology were worth $3,896,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. JFS Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 27.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider's stock worth $46,000 after purchasing an additional 113 shares during the period. Human Investing LLC purchased a new position in shares of Seagate Technology in the 4th quarter worth about $48,000. Mizuho Bank Ltd. raised its holdings in shares of 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. raised its holdings 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 in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. This trade represents a 3.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

STX has been the topic of several analyst reports. StockNews.com downgraded Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, February 28th. BNP Paribas upgraded Seagate Technology from a "strong sell" rating to a "hold" rating in a report on Friday. Barclays raised their target price on Seagate Technology from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Morgan Stanley dropped their target price on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Finally, UBS Group raised their target price on Seagate Technology from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.11.

Seagate Technology Trading Up 0.3%

NASDAQ STX traded up $0.36 during mid-day trading on Friday, reaching $107.79. 3,233,263 shares of the company's stock traded hands, compared to its average volume of 2,916,617. Seagate Technology Holdings plc has a 1-year low of $63.19 and a 1-year high of $115.32. The company has a fifty day simple moving average of $84.56 and a 200-day simple moving average of $92.40. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 19.71 and a beta of 1.32.

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

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Wednesday, June 25th will be given a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 annualized dividend and a dividend yield of 2.67%. Seagate Technology's payout ratio is 41.62%.

About Seagate Technology

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.