Angeles Wealth Management LLC Has $298,000 Stock Position in Seagate Technology Holdings plc (NASDAQ:STX)

Angeles Wealth Management LLC cut its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STX. Exchange Traded Concepts LLC increased its stake in shares of Seagate Technology by 4,214.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,157 shares of the data storage provider’s stock valued at $236,000 after acquiring an additional 2,107 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Seagate Technology during the third quarter valued at approximately $88,000. Stablepoint Partners LLC increased its stake in Seagate Technology by 5.3% in the third quarter. Stablepoint Partners LLC now owns 50,482 shares of the data storage provider’s stock valued at $5,529,000 after purchasing an additional 2,542 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its holdings in Seagate Technology by 1.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 10,460 shares of the data storage provider’s stock worth $1,146,000 after purchasing an additional 198 shares during the period. Finally, nVerses Capital LLC raised its holdings in Seagate Technology by 18.2% in the third quarter. nVerses Capital LLC now owns 9,100 shares of the data storage provider’s stock worth $997,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

STX has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on shares of Seagate Technology from $65.00 to $68.00 and gave the company a “negative” rating in a research report on Wednesday, January 22nd. Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Wednesday, January 22nd. Mizuho cut their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. StockNews.com raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, UBS Group raised their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. One research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.56.

Seagate Technology Stock Up 1.7 %

STX stock opened at $97.80 on Tuesday. Seagate Technology Holdings plc has a twelve month low of $82.31 and a twelve month high of $115.32. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 17.88 and a beta of 1.07. The business has a 50 day moving average price of $94.54 and a two-hundred day moving average price of $99.72.

Seagate Technology Dividend Announcement

The company 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 dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.94%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Insider Buying and Selling at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the 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 sale, the director now owns 6,555 shares in the company, valued at approximately $667,430.10. This represents a 10.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology 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 of the company’s stock, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,891 shares of company stock worth $2,146,848 over the last quarter. 0.81% of the stock is currently owned by insiders.

Seagate Technology Company 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.