Janus Henderson Group PLC Buys 648,257 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Janus Henderson Group PLC raised its position in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 2,853.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 670,976 shares of the data storage provider's stock after purchasing an additional 648,257 shares during the quarter. Janus Henderson Group PLC owned about 0.32% of Seagate Technology worth $57,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in STX. Capital Research Global Investors increased its stake in shares of Seagate Technology by 56.5% during the fourth quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider's stock valued at $1,348,262,000 after acquiring an additional 5,640,443 shares during the period. Vanguard Group Inc. boosted its holdings in Seagate Technology by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider's stock worth $2,414,446,000 after buying an additional 1,814,821 shares in the last quarter. Marshall Wace LLP bought a new stake in Seagate Technology during the fourth quarter worth approximately $77,341,000. Junto Capital Management LP bought a new stake in Seagate Technology during the fourth quarter worth approximately $60,303,000. Finally, National Pension Service bought a new stake in Seagate Technology during the fourth quarter worth approximately $43,436,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Trading Up 0.3%

Shares of STX stock traded up $0.36 during trading hours on Friday, hitting $107.79. 3,233,263 shares of the company were exchanged, compared to its average volume of 2,915,595. The business has a 50 day moving average of $84.56 and a two-hundred day moving average of $92.45. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32. The company has a market capitalization of $22.87 billion, a PE ratio of 19.71 and a beta of 1.32.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced 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. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The business had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.14 billion. The firm's revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, research analysts forecast that Seagate Technology Holdings plc will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed 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. This represents a $2.88 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, June 25th. Seagate Technology's payout ratio is presently 41.62%.

Insider Activity

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

Analyst Ratings Changes

A number of analysts recently weighed in on STX shares. Morgan Stanley reduced their target price on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. UBS Group raised their price objective on shares of Seagate Technology from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Northland Securities reaffirmed an "outperform" rating and issued a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. 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. Finally, Susquehanna raised their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a "negative" rating in a research note on Wednesday, January 22nd. One investment 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.com, Seagate Technology has a consensus rating of "Moderate Buy" and a consensus price target of $114.11.

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.