MWA Asset Management Reduces Holdings in Seagate Technology Holdings PLC $STX

MWA Asset Management reduced its stake in Seagate Technology Holdings PLC by 12.9% in the fourth quarter, selling 3,664 shares but still holding 24,668 shares valued at $6.79 million, making it their 4th largest holding. Despite this reduction, Seagate has shown strong financial performance, beating Q4 earnings and revenue estimates, and analysts maintain a “Moderate Buy” rating with an average price target of $518.29. However, significant insider selling and the launch of leveraged ETFs could introduce short-term volatility.

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