Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 71.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,363 shares of the data storage provider’s stock after acquiring an additional 98,208 shares during the period. Hsbc Holdings PLC’s holdings in Seagate Technology were worth $20,275,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in STX. State of Tennessee Department of Treasury increased its stake in Seagate Technology by 17.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 62,067 shares of the data storage provider’s stock valued at $5,357,000 after purchasing an additional 9,064 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Seagate Technology by 211.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 16,525 shares of the data storage provider’s stock valued at $1,426,000 after buying an additional 11,214 shares during the last quarter. Mirabella Financial Services LLP raised its stake in Seagate Technology by 137.8% during the 4th quarter. Mirabella Financial Services LLP now owns 54,565 shares of the data storage provider’s stock worth $4,710,000 after acquiring an additional 31,615 shares in the last quarter. MetLife Investment Management LLC lifted its position in Seagate Technology by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 52,268 shares of the data storage provider’s stock valued at $4,511,000 after acquiring an additional 1,347 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in Seagate Technology by 6.7% in the fourth quarter. Norinchukin Bank The now owns 8,887 shares of the data storage provider’s stock valued at $767,000 after acquiring an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the topic of a number of research analyst reports. Morgan Stanley cut their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Benchmark raised shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Wednesday, January 22nd. Summit Insights upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Northland Securities restated an “outperform” rating and issued a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Finally, Mizuho decreased their target price 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 analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.39.

Seagate Technology Stock Down 0.4 %

Shares of STX opened at $82.70 on Friday. The company has a market capitalization of $17.51 billion, a PE ratio of 15.12 and a beta of 1.21. Seagate Technology Holdings plc has a 52-week low of $63.19 and a 52-week high of $115.32. The company has a 50-day simple moving average of $84.62 and a 200-day simple moving average of $93.61.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 20,000 shares of the business’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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.81% of the company’s stock.

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.