Stiles Financial Services Inc Sells 478 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Stiles Financial Services Inc trimmed its position in Seagate Technology Holdings plc (NASDAQ:STX) by 12.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,370 shares of the data storage provider’s stock after selling 478 shares during the quarter. Stiles Financial Services Inc’s holdings in Seagate Technology were worth $291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in Seagate Technology by 3.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock worth $281,000 after purchasing an additional 89 shares during the last quarter. Berkshire Bank lifted its stake in shares of Seagate Technology by 2.6% during the fourth quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock worth $355,000 after buying an additional 103 shares during the period. MWA Asset Management grew its holdings in shares of Seagate Technology by 0.5% during the fourth quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after buying an additional 104 shares during the last quarter. My Legacy Advisors LLC increased its position in shares of Seagate Technology by 3.9% in the 4th quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after acquiring an additional 118 shares during the period. Finally, Yousif Capital Management LLC raised its stake in Seagate Technology by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider’s stock worth $2,382,000 after acquiring an additional 121 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on STX. Bank of America increased their price objective on Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Northland Securities restated an “outperform” rating and set a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays boosted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.56.

Seagate Technology Price Performance

Shares of STX stock opened at $96.15 on Monday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The company has a market cap of $20.36 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07. The stock has a 50 day simple moving average of $94.54 and a 200-day simple moving average of $99.72.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is presently 52.65%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the sale, the chief executive officer now owns 622,497 shares of the company’s stock, valued at $64,011,366.51. The trade was a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the sale, the director now owns 6,555 shares of the company’s stock, valued at $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,891 shares of company stock valued at $2,146,848 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Seagate Technology Profile

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.