Berkshire Asset Management boosted its position in Seagate Technology PLC (NASDAQ:STX) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,953 shares of the data storage provider’s stock after buying an additional 1,136 shares during the period. Berkshire Asset Management’s holdings in Seagate Technology PLC were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Acadian Asset Management increased its position in shares of Seagate Technology PLC by 8,509.1% in the fourth quarter. Acadian Asset Management now owns 186,731 shares of the data storage provider’s stock worth $6,846,000 after buying an additional 184,562 shares during the last quarter. Eagle Asset Management increased its position in shares of Seagate Technology PLC by 225.8% in the third quarter. Eagle Asset Management now owns 136,134 shares of the data storage provider’s stock worth $6,098,000 after buying an additional 94,354 shares during the last quarter. CIBC World Markets increased its position in shares of Seagate Technology PLC by 26.5% in the fourth quarter. CIBC World Markets now owns 32,693 shares of the data storage provider’s stock worth $1,199,000 after buying an additional 6,844 shares during the last quarter. Nisa Investment Advisors increased its position in shares of Seagate Technology PLC by 10.4% in the fourth quarter. Nisa Investment Advisors now owns 19,050 shares of the data storage provider’s stock worth $698,000 after buying an additional 1,800 shares during the last quarter. Finally, Charter Trust Company increased its position in shares of Seagate Technology PLC by 6.2% in the fourth quarter. Charter Trust Company now owns 16,703 shares of the data storage provider’s stock worth $612,000 after buying an additional 982 shares during the last quarter.

Seagate Technology PLC (NASDAQ:STX) opened at 27.74 on Wednesday. The stock has a 50 day moving average price of $33.49 and a 200-day moving average price of $41.64. Seagate Technology PLC has a 12-month low of $26.35 and a 12-month high of $63.39. The stock has a market cap of $8.30 billion and a P/E ratio of 6.44.

Seagate Technology PLC (NASDAQ:STX) last announced its quarterly earnings data on Friday, October 30th. The data storage provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.04. The business earned $2.93 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the firm earned $1.34 EPS. Seagate Technology PLC’s revenue for the quarter was down 22.7% on a year-over-year basis. On average, equities analysts expect that Seagate Technology PLC will post $2.85 earnings per share for the current year.

A number of analysts have recently commented on STX shares. Barclays cut their price objective on Seagate Technology PLC from $48.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, January 14th. Craig Hallum cut Seagate Technology PLC from a “buy” rating to a “hold” rating and dropped their price target for the stock from $62.00 to $48.00 in a research report on Friday, October 16th. BMO Capital Markets reiterated a “market perform” rating and set a $34.00 price target on shares of Seagate Technology PLC in a research report on Friday, December 11th. Brean Capital reiterated a “buy” rating on shares of Seagate Technology PLC in a research report on Friday, October 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $65.00 price target on shares of Seagate Technology PLC in a research report on Thursday, October 8th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Seagate Technology PLC has a consensus rating of “Hold” and an average target price of $46.04.

In other Seagate Technology PLC news, CFO David H. Morton, Jr. sold 3,178 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $38.94, for a total transaction of $123,751.32. Following the completion of the sale, the chief financial officer now owns 25,505 shares of the company’s stock, valued at $993,164.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Seagate Technology plc (NASDAQ:STX) is a provider of electronic data storage products. The Company’s products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers. The Company’s products are designed for enterprise servers and storage systems for applications, client compute applications and client non-compute applications. The Company’s product and solution portfolio for the enterprise data storage industry includes storage enclosures, integrated application platforms and high performance computing (HPC) data storage solutions. Its data storage services provide online backup, data protection and recovery solutions for small to medium-sized businesses. Its products include Enterprise Performance HDDs, Mobile HDDs and SSHDs, NAS HDDs, and Surveillance HDDs, among others.

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