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

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

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in Seagate Technology in the third quarter worth $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Seagate Technology by 341.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock valued at $143,370,000 after purchasing an additional 1,012,638 shares during the period. State Street Corp raised its holdings in Seagate Technology by 6.8% in the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after purchasing an additional 541,585 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Seagate Technology by 29.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock worth $197,844,000 after purchasing an additional 405,232 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Seagate Technology by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider’s stock valued at $454,477,000 after purchasing an additional 318,416 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Seagate Technology

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

Analysts Set New Price Targets

A number of research firms recently issued reports on STX. Barclays increased their price target on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 22nd. Mizuho lowered their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Rosenblatt Securities raised their price objective on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Stock Down 0.4 %

Shares of STX opened at $96.15 on Monday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The company has a market cap of $20.36 billion, a PE ratio of 17.58 and a beta of 1.07. The business has a fifty day moving average of $94.54 and a 200 day moving average of $99.72.

Seagate Technology Dividend Announcement

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

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.