Prospera Financial Services Inc Sells 7,176 Shares of Seagate Technology Holdings PLC $STX

Prospera Financial Services Inc cut its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 70.5% during the 3rd quarter, Holdings Channel reports. The firm owned 2,996 shares of the data storage provider’s stock after selling 7,176 shares during the period. Prospera Financial Services Inc’s holdings in Seagate Technology were worth $707,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC bought a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $1,187,621,000. Norges Bank purchased a new stake in Seagate Technology in the second quarter worth $197,027,000. Boston Partners bought a new stake in Seagate Technology in the second quarter valued at $193,500,000. Soroban Capital Partners LP increased its position in Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its holdings in Seagate Technology by 85.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,131,752 shares of the data storage provider’s stock worth $163,346,000 after purchasing an additional 520,846 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of a number of research reports. Cantor Fitzgerald lifted their target price on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Sanford C. Bernstein lifted their price objective on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Barclays increased their target price on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. China Renaissance raised their target price on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Benchmark upped their price target on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $444.09.

Seagate Technology Stock Performance

Seagate Technology stock opened at $425.99 on Monday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market capitalization of $92.90 billion, a P/E ratio of 48.19, a PEG ratio of 0.95 and a beta of 1.62. The stock’s 50 day moving average is $335.46 and its 200 day moving average is $258.83.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

Insider Buying and Selling at Seagate Technology

In other news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the transaction, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the sale, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. This trade represents a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,955 shares of company stock worth $29,925,749 in the last 90 days. Insiders own 0.79% of the company’s stock.

Seagate Technology Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.