Seagate Technology Holdings plc (NASDAQ:STX) Stake Boosted by Two Sigma Securities LLC

Two Sigma Securities LLC raised its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 7,302.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,402 shares of the data storage provider’s stock after buying an additional 7,302 shares during the period. Two Sigma Securities LLC’s holdings in Seagate Technology were worth $639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in shares of Seagate Technology by 56.5% in the 4th 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Seagate Technology by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock valued at $2,414,446,000 after purchasing an additional 1,814,821 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Seagate Technology in the fourth quarter valued at $77,341,000. National Pension Service purchased a new position in shares of Seagate Technology during the fourth quarter valued at $43,436,000. Finally, Los Angeles Capital Management LLC raised its position in Seagate Technology by 176.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider’s stock valued at $64,007,000 after buying an additional 473,484 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Susquehanna raised their price objective on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday, January 22nd. Citigroup decreased their price target 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. Northland Securities reiterated 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. UBS Group lifted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group dropped their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.39.

Seagate Technology Stock Down 0.4 %

Shares of Seagate Technology stock opened at $82.70 on Friday. 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 moving average price of $84.62 and a two-hundred day moving average price of $93.72. The stock has a market capitalization of $17.51 billion, a P/E ratio of 15.12 and a beta of 1.21.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Tuesday, April 1st. The stock was 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 in the company, valued at approximately $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 accessible through this hyperlink. 0.81% of the stock is currently owned by company 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.