Savvy Advisors Inc. Takes Position in Seagate Technology Holdings PLC $STX

Savvy Advisors Inc. acquired a new position in Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,297 shares of the data storage provider’s stock, valued at approximately $306,000.

Several other hedge funds have also bought and sold shares of STX. State Street Corp raised its position in shares of Seagate Technology by 5.0% during the 2nd quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after buying an additional 432,455 shares in the last quarter. WCM Investment Management LLC bought a new position in Seagate Technology in the third quarter valued at $1,187,621,000. Geode Capital Management LLC increased its stake in Seagate Technology by 1.9% in the second quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock valued at $656,066,000 after acquiring an additional 85,660 shares during the last quarter. Soroban Capital Partners LP raised its position in Seagate Technology by 1,468.1% during the second 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Seagate Technology by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,386,524 shares of the data storage provider’s stock worth $200,117,000 after purchasing an additional 20,618 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Down 1.2%

Shares of NASDAQ STX opened at $425.99 on Tuesday. The firm’s fifty day moving average is $338.27 and its 200 day moving average is $260.72. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week 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 cap of $92.90 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 0.95 and a beta of 1.62.

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

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

Insider Activity

In related news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares in the company, valued at $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer owned 429,895 shares in the company, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 83,955 shares of company stock valued at $29,925,749. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

STX has been the topic of several recent research reports. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Evercore increased their price target on shares of Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Bank of America lifted their price target on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. China Renaissance upped their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein increased their target price on shares of Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $444.09.

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.