Good Life Advisors LLC Sells 1,422 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Good Life Advisors LLC trimmed its position in Seagate Technology Holdings plc (NASDAQ:STX) by 36.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,454 shares of the data storage provider’s stock after selling 1,422 shares during the period. Good Life Advisors LLC’s holdings in Seagate Technology were worth $212,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Seagate Technology in the 3rd quarter valued at $26,000. Advisors Asset Management Inc. lifted its stake 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 valued at $44,000 after purchasing an additional 258 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 293 shares during the period. Human Investing LLC acquired a new position in shares of Seagate Technology in the 4th quarter valued at $48,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Seagate Technology in the 3rd quarter valued at $53,000. 92.87% of the stock is currently owned by institutional investors.

Insider Activity

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

Seagate Technology Trading Down 1.7 %

STX stock opened at $100.85 on Friday. The stock has a 50-day moving average price of $95.02 and a two-hundred day moving average price of $99.80. The stock has a market cap of $21.35 billion, a PE ratio of 18.44 and a beta of 1.07. Seagate Technology Holdings plc has a 1 year low of $82.31 and a 1 year high of $115.32.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on STX shares. Rosenblatt Securities increased their price target on Seagate Technology from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Bank of America increased their price target on Seagate Technology from $124.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley cut their price target on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Wednesday, January 22nd. Finally, Northland Securities reaffirmed an “outperform” rating and set a $160.00 price objective (up previously from $144.00) on shares of Seagate Technology in a research note 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology 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.