Angeles Wealth Management LLC Sells 217 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Angeles Wealth Management LLC cut its position in Seagate Technology Holdings plc (NASDAQ:STX) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,454 shares of the data storage provider’s stock after selling 217 shares during the period. Angeles Wealth Management LLC’s holdings in Seagate Technology were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Seagate Technology in the third quarter valued at about $26,000. Advisors Asset Management Inc. raised its stake in Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after purchasing an additional 258 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 293 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Seagate Technology during the 3rd quarter worth approximately $53,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Seagate Technology during the third quarter worth approximately $54,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on STX. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Evercore ISI increased their price objective on shares of Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group dropped their target price on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $122.56.

Seagate Technology Trading Up 1.7 %

NASDAQ:STX opened at $97.80 on Tuesday. The stock’s 50-day moving average is $94.54 and its 200-day moving average is $99.72. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The stock has a market cap of $20.70 billion, a P/E ratio of 17.88 and a beta of 1.07.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Insider Transactions at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the transaction, the director now directly owns 6,555 shares of the company’s stock, valued at $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred 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 directly owns 622,497 shares of the company’s stock, valued at $64,011,366.51. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,891 shares of company stock worth $2,146,848. Company insiders own 0.81% of the company’s stock.

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.