Boothbay Fund Management LLC Grows Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Boothbay Fund Management LLC increased its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 45.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,360 shares of the data storage provider’s stock after buying an additional 45,420 shares during the quarter. Boothbay Fund Management LLC owned 0.07% of Seagate Technology worth $12,546,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Seagate Technology by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider’s stock worth $2,414,446,000 after acquiring an additional 1,814,821 shares during the last quarter. Sanders Capital LLC raised its holdings in Seagate Technology by 1.0% in the 4th quarter. Sanders Capital LLC now owns 16,530,152 shares of the data storage provider’s stock worth $1,426,717,000 after purchasing an additional 162,561 shares during the period. Capital Research Global Investors lifted its position in 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 purchasing an additional 5,640,443 shares in the last quarter. Geode Capital Management LLC grew its holdings in Seagate Technology by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 4,295,225 shares of the data storage provider’s stock valued at $370,013,000 after purchasing an additional 132,713 shares during the period. Finally, Invesco Ltd. increased its position in Seagate Technology by 14.6% in the fourth quarter. Invesco Ltd. now owns 2,761,534 shares of the data storage provider’s stock worth $238,348,000 after buying an additional 352,300 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STX has been the subject of a number of recent research reports. UBS Group boosted their price objective on Seagate Technology from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Rosenblatt Securities raised their price objective on shares of Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley dropped 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. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. One 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 MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $117.39.

Insider Transactions at Seagate Technology

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

Seagate Technology Stock Performance

Shares of STX opened at $82.70 on Friday. Seagate Technology Holdings plc has a fifty-two week low of $63.19 and a fifty-two week high of $115.32. The company’s fifty day moving average is $84.62 and its 200 day moving average is $93.72. The stock has a market capitalization of $17.51 billion, a PE ratio of 15.12 and a beta of 1.21.

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.