Good Life Advisors LLC reduced its holdings in Seagate Technology PLC (NASDAQ:STX) by 23.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,957 shares of the data storage provider’s stock after selling 2,735 shares during the quarter. Good Life Advisors LLC’s holdings in Seagate Technology were worth $412,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of STX. SeaCrest Wealth Management LLC acquired a new stake in Seagate Technology during the fourth quarter worth about $174,000. Balentine LLC grew its position in Seagate Technology by 56.8% during the third quarter. Balentine LLC now owns 4,471 shares of the data storage provider’s stock worth $148,000 after buying an additional 1,619 shares in the last quarter. Brave Asset Management Inc. acquired a new stake in Seagate Technology during the fourth quarter worth about $203,000. Advisor Partners LLC acquired a new stake in Seagate Technology during the fourth quarter worth about $258,000. Finally, New England Research & Management Inc. acquired a new stake in Seagate Technology during the fourth quarter worth about $205,000. 89.39% of the stock is currently owned by institutional investors.
Seagate Technology PLC (NASDAQ:STX) opened at $53.55 on Tuesday. Seagate Technology PLC has a one year low of $30.60 and a one year high of $56.45. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 4.07. The stock has a market cap of $15,178.45, a P/E ratio of 24.34, a PEG ratio of 0.70 and a beta of 1.88.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Tuesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is currently 114.55%.
In other news, insider Stephen J. Luczo sold 341,738 shares of Seagate Technology stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $55.00, for a total value of $18,795,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James J. Murphy sold 14,175 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $55.16, for a total transaction of $781,893.00. Following the completion of the transaction, the executive vice president now owns 24,585 shares of the company’s stock, valued at approximately $1,356,108.60. The disclosure for this sale can be found here. Insiders sold 785,520 shares of company stock valued at $41,875,961 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on STX shares. TheStreet raised Seagate Technology from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. BidaskClub downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Vetr downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating and set a $45.46 target price on the stock. in a research report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday, January 5th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $49.92.
Seagate Technology Profile
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
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