Seagate Technology Holdings plc (NASDAQ:STX) Shares Sold by Brighton Jones LLC

Brighton Jones LLC trimmed its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 4.1% in the fourth quarter, Holdings Channel reports. The firm owned 16,134 shares of the data storage provider’s stock after selling 684 shares during the period. Brighton Jones LLC’s holdings in Seagate Technology were worth $1,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its stake in shares of Seagate Technology by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock valued at $281,000 after buying an additional 89 shares in the last quarter. Affinity Capital Advisors LLC increased its stake in Seagate Technology by 1.5% during the third quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider’s stock worth $725,000 after purchasing an additional 100 shares during the period. My Legacy Advisors LLC boosted its stake in shares of Seagate Technology by 3.9% in the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock valued at $294,000 after purchasing an additional 118 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of Seagate Technology by 3.7% in the fourth quarter. AdvisorNet Financial Inc now owns 3,377 shares of the data storage provider’s stock valued at $291,000 after purchasing an additional 122 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in Seagate Technology by 3.6% during the 3rd quarter. Ballentine Partners LLC now owns 3,671 shares of the data storage provider’s stock worth $402,000 after buying an additional 129 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Down 0.2 %

STX opened at $108.19 on Friday. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 19.78 and a beta of 1.06. Seagate Technology Holdings plc has a 52 week low of $82.31 and a 52 week high of $115.32. The business’s 50 day moving average is $95.00 and its two-hundred day moving average is $100.42.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.28. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The company’s quarterly revenue was up 49.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.34) EPS. Equities analysts expect that Seagate Technology Holdings plc will post 6.92 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.66%. Seagate Technology’s payout ratio is 52.65%.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.53, for a total value of $1,990,600.00. Following the completion of the sale, the chief executive officer now owns 642,497 shares in the company, valued at approximately $63,947,726.41. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the transaction, the director now owns 6,555 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 50,073 shares of company stock worth $5,106,149. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on STX shares. Evercore ISI increased their price objective on Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Mizuho decreased their price objective 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. The Goldman Sachs Group cut their target price on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. 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 report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.56.

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.