Oxford Asset Management LLP Takes $348,000 Position in Seagate Technology Holdings plc (NASDAQ:STX)

Oxford Asset Management LLP purchased a new position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,027 shares of the data storage provider's stock, valued at approximately $348,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. JFS Wealth Advisors LLC grew its stake in 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 acquiring an additional 113 shares in the last quarter. Human Investing LLC bought a new stake in shares of Seagate Technology in the fourth quarter worth about $48,000. Mizuho Bank Ltd. lifted its position in shares of Seagate Technology by 140.0% in the fourth quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider's stock worth $52,000 after buying an additional 350 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in Seagate Technology by 22.7% during the fourth quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider's stock valued at $52,000 after buying an additional 112 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Seagate Technology during the 3rd quarter valued at approximately $54,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STX has been the subject of a number of recent research reports. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Morgan Stanley dropped their price target on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Mizuho decreased their price objective on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Bank of America dropped their target price on Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Finally, StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average target price of $114.89.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by company insiders.

Seagate Technology Price Performance

NASDAQ STX traded up $2.86 on Friday, hitting $92.87. The stock had a trading volume of 1,494,656 shares, compared to its average volume of 2,834,224. Seagate Technology Holdings plc has a 52-week low of $63.19 and a 52-week high of $115.32. The business's fifty day moving average price is $83.39 and its 200 day moving average price is $93.08. The stock has a market cap of $19.66 billion, a price-to-earnings ratio of 16.99 and a beta of 1.31.

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 the consensus estimate of $1.75 by $0.15. The company had revenue of $2.16 billion for 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 firm's quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. As a group, sell-side analysts anticipate that Seagate Technology Holdings plc will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, June 25th. 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.