Versor Investments LP Acquires 7,113 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Versor Investments LP boosted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 36.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,702 shares of the data storage provider’s stock after acquiring an additional 7,113 shares during the quarter. Versor Investments LP’s holdings in Seagate Technology were worth $2,305,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sanders Capital LLC grew its stake in shares of Seagate Technology by 0.9% in the 3rd quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider’s stock worth $1,792,742,000 after acquiring an additional 150,115 shares in the last quarter. State Street Corp boosted its holdings in Seagate Technology by 6.8% during the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after purchasing an additional 541,585 shares during the last quarter. Geode Capital Management LLC grew its position in Seagate Technology by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock worth $454,477,000 after purchasing an additional 318,416 shares in the last quarter. Franklin Resources Inc. increased its stake in Seagate Technology by 29.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after buying an additional 405,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Seagate Technology by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,920 shares of the data storage provider’s stock worth $145,447,000 after buying an additional 73,267 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 recent analyst reports. Bank of America upped their target price on Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Seagate Technology in a research note on Wednesday, January 22nd. Barclays increased their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. Finally, Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

Seagate Technology Stock Performance

Shares of STX stock opened at $100.27 on Thursday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The business’s fifty day moving average is $95.22 and its 200 day moving average is $99.95. The company has a market capitalization of $21.23 billion, a PE ratio of 18.33 and a beta of 1.07.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.87%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the sale, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $102.83, for a total value of $2,056,600.00. Following the transaction, the chief executive officer now owns 622,497 shares in the company, valued at $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is owned by corporate insiders.

Seagate Technology 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.