Stratos Wealth Partners LTD. Has $509,000 Position in Seagate Technology Holdings plc (NASDAQ:STX)

Stratos Wealth Partners LTD. trimmed its position in Seagate Technology Holdings plc (NASDAQ:STX) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,895 shares of the data storage provider’s stock after selling 307 shares during the period. Stratos Wealth Partners LTD.’s holdings in Seagate Technology were worth $509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Seagate Technology during the third quarter worth about $26,000. Advisors Asset Management Inc. raised its holdings in Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after buying an additional 258 shares during the period. JFS Wealth Advisors LLC lifted its stake in Seagate Technology by 232.5% in the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock valued at $46,000 after buying an additional 293 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Seagate Technology in the third quarter valued at approximately $53,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Seagate Technology during the third quarter worth $54,000. Institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on STX shares. Wells Fargo & Company reduced their target price 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. Benchmark upgraded Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Wednesday, January 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $120.00 target price on shares of Seagate Technology in a research report on Wednesday, January 22nd. Evercore ISI upped their price target on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Citigroup lifted 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, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $122.56.

Seagate Technology Stock Performance

NASDAQ STX opened at $97.83 on Wednesday. The stock has a market cap of $20.71 billion, a PE ratio of 17.88 and a beta of 1.07. The firm has a 50-day moving average of $94.43 and a 200-day moving average of $99.68. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 2.94%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio is presently 52.65%.

Insider Activity

In other news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total value of $2,056,600.00. Following the sale, the chief executive officer now directly owns 622,497 shares in the company, valued at $64,011,366.51. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,891 shares of company stock valued at $2,146,848. 0.81% of the stock is owned by insiders.

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.