Polar Asset Management Partners Inc. Has $15.85 Million Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Polar Asset Management Partners Inc. raised its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 183,600 shares of the data storage provider's stock after acquiring an additional 43,400 shares during the period. Polar Asset Management Partners Inc. owned approximately 0.09% of Seagate Technology worth $15,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. JFS Wealth Advisors LLC lifted its position 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 acquiring an additional 113 shares in the last quarter. Human Investing LLC acquired a new position in Seagate Technology during the 4th quarter worth approximately $48,000. Mizuho Bank Ltd. boosted its holdings 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 purchasing an additional 350 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in Seagate Technology by 22.7% in the fourth quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider's stock valued at $52,000 after purchasing an additional 112 shares during the last quarter. Finally, S.A. Mason LLC purchased a new position in Seagate Technology in the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 92.87% of the company's stock.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 555,677 shares in the company, valued at $46,988,047.12. This represents a 3.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

STX has been the topic of several research reports. BNP Paribas Exane upgraded Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research note on Friday. Susquehanna increased their price target on Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $130.00 price target on shares of Seagate Technology in a research report on Wednesday, April 30th. Barclays upped their price target on shares of Seagate Technology from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Finally, Mizuho decreased their price objective on shares of Seagate Technology from $115.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.21.

Seagate Technology Stock Performance

Shares of STX traded down $1.51 during mid-day trading on Tuesday, hitting $107.53. The company's stock had a trading volume of 1,249,189 shares, compared to its average volume of 2,912,405. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32. The stock's 50-day moving average is $85.01 and its two-hundred day moving average is $92.42. The firm has a market capitalization of $22.82 billion, a PE ratio of 19.65 and a beta of 1.32.

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 the consensus estimate 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 company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. The business's revenue was up 30.5% compared to the same quarter last year. Analysts expect that Seagate Technology Holdings plc will post 6.83 EPS for the current fiscal year.

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. This represents a $2.88 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, June 25th. Seagate Technology's dividend 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.