Graham Capital Management L.P. Has $5.41 Million Position in Seagate Technology Holdings plc (NASDAQ:STX)

Graham Capital Management L.P. increased its position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 66.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,698 shares of the data storage provider's stock after purchasing an additional 25,126 shares during the period. Graham Capital Management L.P.'s holdings in Seagate Technology were worth $5,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of STX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seagate Technology in the third quarter valued at about $54,000. Tidal Investments LLC raised its holdings in shares of Seagate Technology by 21.3% in the third quarter. Tidal Investments LLC now owns 5,441 shares of the data storage provider's stock valued at $596,000 after buying an additional 956 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Seagate Technology by 74.2% in the third quarter. Principal Financial Group Inc. now owns 354,013 shares of the data storage provider's stock valued at $38,775,000 after buying an additional 150,734 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Seagate Technology by 5.8% in the fourth quarter. Nordea Investment Management AB now owns 15,555 shares of the data storage provider's stock valued at $1,349,000 after buying an additional 856 shares during the last quarter. Finally, CCM Investment Advisers LLC raised its holdings in Seagate Technology by 2.8% during the fourth quarter. CCM Investment Advisers LLC now owns 145,304 shares of the data storage provider's stock worth $12,541,000 after purchasing an additional 3,952 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Analysts Set New Price Targets

STX has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and set a $140.00 price target (down from $150.00) on shares of Seagate Technology in a report on Wednesday, April 30th. Bank of America cut their price target on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating for the company in a report on Thursday, March 13th. UBS Group increased their target price on shares of Seagate Technology from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Citigroup dropped their target price on shares of Seagate Technology from $115.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Susquehanna increased their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the company a "negative" rating in a report on Wednesday, January 22nd. One 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.89.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Seagate Technology Price Performance

STX traded up $1.30 during trading hours on Tuesday, hitting $103.25. 238,810 shares of the stock were exchanged, compared to its average volume of 2,877,054. The stock has a market cap of $21.91 billion, a price-to-earnings ratio of 18.95 and a beta of 1.32. Seagate Technology Holdings plc has a 12 month low of $63.19 and a 12 month high of $115.32. The stock has a 50-day simple moving average of $83.01 and a 200-day simple moving average of $92.19.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. Sell-side analysts expect that Seagate Technology Holdings plc will post 6.83 EPS for the current 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 given a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.79%. Seagate Technology's dividend payout ratio (DPR) is 41.62%.

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.