1,350 Shares in Seagate Technology Holdings PLC $STX Acquired by Ingalls & Snyder LLC

Ingalls & Snyder LLC purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,350 shares of the data storage provider’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC acquired a new stake in shares of Seagate Technology during the 3rd quarter worth about $244,000. NEOS Investment Management LLC raised its holdings in Seagate Technology by 75.0% in the 3rd quarter. NEOS Investment Management LLC now owns 15,965 shares of the data storage provider’s stock valued at $3,769,000 after acquiring an additional 6,843 shares during the period. Zweig DiMenna Associates LLC lifted its position in Seagate Technology by 8.7% during the third quarter. Zweig DiMenna Associates LLC now owns 76,225 shares of the data storage provider’s stock worth $17,994,000 after acquiring an additional 6,125 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Seagate Technology during the third quarter worth approximately $535,000. Finally, Rothschild Investment LLC grew its position in shares of Seagate Technology by 0.6% in the third quarter. Rothschild Investment LLC now owns 9,177 shares of the data storage provider’s stock valued at $2,166,000 after purchasing an additional 51 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on STX. Fox Advisors lifted their price target on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Morgan Stanley lifted their target price on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Wells Fargo & Company upped their price target on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Finally, Loop Capital raised their price target on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

Insider Activity

In related news, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $448.02, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the transaction, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 83,955 shares of company stock valued at $29,925,749. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Stock Up 2.0%

Shares of NASDAQ STX opened at $424.14 on Thursday. The stock has a market capitalization of $92.49 billion, a P/E ratio of 47.98, a PEG ratio of 0.93 and a beta of 1.62. The stock’s fifty day moving average is $343.44 and its 200 day moving average is $263.69. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $459.84. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

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

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders 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 is Wednesday, March 25th. Seagate Technology’s payout ratio is currently 33.48%.

About Seagate Technology

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.