Hancock Whitney Corp Buys 39,209 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Hancock Whitney Corp grew its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 1,326.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,164 shares of the data storage provider's stock after buying an additional 39,209 shares during the period. Hancock Whitney Corp's holdings in Seagate Technology were worth $3,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its stake 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 valued at $46,000 after purchasing an additional 113 shares during the period. Human Investing LLC acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $48,000. Mizuho Bank Ltd. lifted its position in shares of Seagate Technology by 140.0% during the 4th quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock valued at $52,000 after acquiring an additional 350 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Seagate Technology during the third quarter worth $54,000. Finally, S.A. Mason LLC acquired a new stake in Seagate Technology in the fourth quarter worth $55,000. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Seagate Technology from $105.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on Seagate Technology from $120.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday. Summit Insights raised Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald reissued a "neutral" rating and issued a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. Finally, Morgan Stanley lowered their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.89.

Insider Buying and Selling

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Tuesday, April 1st. The shares were 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 $46,988,047.12. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

Seagate Technology Stock Performance

NASDAQ:STX traded up $7.05 during trading on Wednesday, reaching $88.65. The company's stock had a trading volume of 6,852,175 shares, compared to its average volume of 2,803,738. Seagate Technology Holdings plc has a 12 month low of $63.19 and a 12 month high of $115.32. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 16.21 and a beta of 1.21. The firm has a 50 day moving average of $83.79 and a 200-day moving average of $93.24.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.15. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. Equities research analysts forecast that Seagate Technology Holdings plc will post 6.83 earnings per share for the current fiscal year.

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.