Tealwood Asset Management Inc. Buys 198 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Tealwood Asset Management Inc. increased its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,620 shares of the data storage provider’s stock after acquiring an additional 198 shares during the period. Tealwood Asset Management Inc.’s holdings in Seagate Technology were worth $2,470,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in shares of Seagate Technology by 3.7% during the fourth quarter. AdvisorNet Financial Inc now owns 3,377 shares of the data storage provider’s stock worth $291,000 after acquiring an additional 122 shares in the last quarter. Elevated Capital Advisors LLC raised its position in Seagate Technology by 6.4% in the 4th quarter. Elevated Capital Advisors LLC now owns 11,787 shares of the data storage provider’s stock worth $1,017,000 after purchasing an additional 711 shares during the period. Czech National Bank raised its position in Seagate Technology by 7.2% in the 4th quarter. Czech National Bank now owns 45,864 shares of the data storage provider’s stock worth $3,959,000 after purchasing an additional 3,087 shares during the period. CCM Investment Advisers LLC boosted its position in Seagate Technology by 2.8% during the fourth quarter. CCM Investment Advisers LLC now owns 145,304 shares of the data storage provider’s stock valued at $12,541,000 after buying an additional 3,952 shares during the period. Finally, Range Financial Group LLC grew its stake in shares of Seagate Technology by 266.9% during the fourth quarter. Range Financial Group LLC now owns 29,048 shares of the data storage provider’s stock valued at $2,507,000 after buying an additional 21,130 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Activity

In other news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the transaction, the director now directly owns 6,555 shares in the company, valued at $667,430.10. This trade represents a 10.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 622,497 shares of the company’s stock, 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. Insiders have sold a total of 55,304 shares of company stock worth $5,656,238 over the last 90 days. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

STX has been the subject of a number of recent research reports. Rosenblatt Securities boosted their target price on Seagate Technology from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group dropped their price target on shares of Seagate Technology from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Friday. Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Seagate Technology in a research report on Wednesday, October 23rd. Northland Securities increased their target price on shares of Seagate Technology from $142.00 to $144.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI boosted their price target on Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.53.

Seagate Technology Price Performance

NASDAQ:STX opened at $88.93 on Tuesday. The firm has a market capitalization of $18.81 billion, a P/E ratio of 23.22 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. The company’s 50-day simple moving average is $95.13 and its 200 day simple moving average is $100.53.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the company posted ($0.34) earnings per share. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year. On average, equities research analysts expect that Seagate Technology Holdings plc will post 7.18 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Sunday, December 15th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Friday, December 13th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s dividend payout ratio is currently 75.20%.

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.