Trajan Wealth LLC Invests $307,000 in Seagate Technology Holdings PLC $STX

Trajan Wealth LLC bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,300 shares of the data storage provider’s stock, valued at approximately $307,000.

Other hedge funds have also added to or reduced their stakes in the company. United Community Bank grew its stake in shares of Seagate Technology by 35.2% during the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after buying an additional 44 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Seagate Technology by 43.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Sivia Capital Partners LLC grew its position in Seagate Technology by 2.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock worth $440,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC increased its stake in Seagate Technology by 2.9% in the 3rd quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock worth $414,000 after purchasing an additional 49 shares during the period. Finally, Lee Johnson Capital Management LLC lifted its position in Seagate Technology by 0.9% in the third quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock valued at $1,309,000 after purchasing an additional 50 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the sale, the director directly owned 5,601 shares in the company, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 89,801 shares of company stock valued at $32,360,491. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STX. Loop Capital lifted their target price on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Benchmark increased their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Robert W. Baird raised their target price on Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $447.35.

Seagate Technology Price Performance

STX stock opened at $407.40 on Tuesday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The firm has a 50-day moving average of $350.36 and a 200 day moving average of $269.95. The company has a market cap of $88.84 billion, a P/E ratio of 46.09, a PEG ratio of 0.92 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the business earned $2.03 EPS. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current 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 issued a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s dividend payout ratio is 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.