Sei Investments Co. has reduced its holdings in Seagate Technology Holdings plc by 35.0% in the 1st quarter, according to recent filings with the SEC. The company now owns 10,837 shares of the data storage provider’s stock, worth $1,008,000. Other institutional investors, such as Forsta AP Fonden and Illinois Municipal Retirement Fund, have also increased their holdings in Seagate Technology. The company has received various ratings from research firms, with the average being a “Hold” rating and a consensus target price of $115.94.
Seagate Technology’s stock opened at $103.68 on Friday with a market cap of $21.77 billion. The company reported better-than-expected earnings results, with a quarterly revenue increase compared to the same period last year. They also announced a quarterly dividend and insider selling activities in recent months.
Seagate Technology Holdings plc provides data storage technology and solutions globally, offering mass capacity storage products. Despite institutional changes in holdings and positive earnings results, the company’s stock has experienced a small decrease in trading. Investors and analysts are monitoring the company closely for further developments.
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