Brighton Jones LLC Sells 684 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Brighton Jones LLC reduced its position in Seagate Technology Holdings plc (NASDAQ:STX) by 4.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Seagate Technology in the third quarter valued at approximately $26,000. Quarry LP purchased a new stake in shares of Seagate Technology during the 2nd quarter valued at $27,000. Advisors Asset Management Inc. boosted its position in shares of 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 grew its stake in Seagate Technology by 232.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after buying an additional 293 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Seagate Technology in the third quarter valued at about $53,000. 92.87% of the stock is currently owned by institutional investors.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 6,555 shares in the company, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total value of $2,056,600.00. Following the completion of the transaction, the chief executive officer now owns 622,497 shares in the company, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,073 shares of company stock valued at $5,106,149. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

STX has been the topic of a number of research analyst reports. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group dropped 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 report on Friday, January 10th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Seagate Technology in a report on Wednesday. Citigroup boosted their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Rosenblatt Securities raised their target price on Seagate Technology from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $122.56.

Seagate Technology Stock Performance

STX stock opened at $108.19 on Friday. The firm’s fifty day moving average is $95.00 and its 200 day moving average is $100.42. The firm has a market cap of $22.89 billion, a PE ratio of 19.78 and a beta of 1.06. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.28. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm posted ($0.34) EPS. Seagate Technology’s quarterly revenue was up 49.1% compared to the same quarter last year. Research analysts predict that Seagate Technology Holdings plc will post 6.92 earnings per share 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 given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.66%. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

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.