Seagate Technology Holdings PLC $STX Shares Sold by Inceptionr LLC

Inceptionr LLC decreased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 43.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,432 shares of the data storage provider’s stock after selling 4,138 shares during the quarter. Inceptionr LLC’s holdings in Seagate Technology were worth $1,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC acquired a new stake in shares of Seagate Technology in the 3rd quarter valued at about $1,187,621,000. Norges Bank acquired a new position in Seagate Technology during the second quarter worth approximately $197,027,000. Boston Partners acquired a new position in Seagate Technology during the second quarter worth approximately $193,500,000. Soroban Capital Partners LP lifted its stake in Seagate Technology by 1,468.1% in 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 buying an additional 1,327,197 shares during the last quarter. Finally, Trivest Advisors Ltd acquired a new stake in shares of Seagate Technology in the third quarter valued at approximately $170,435,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $352.80 on Monday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The business has a 50 day simple moving average of $368.19 and a 200-day simple moving average of $284.51. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The stock has a market capitalization of $76.94 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61.

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, beating analysts’ consensus estimates of $2.77 by $0.34. The firm 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%. Seagate Technology’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. Seagate Technology’s payout ratio is presently 33.48%.

Wall Street Analyst Weigh In

STX has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Rosenblatt Securities increased their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Evercore lifted their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Finally, Wedbush upped their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Insider Buying and Selling at Seagate Technology

In other news, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. The trade was a 86.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the transaction, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 89,051 shares of company stock valued at $34,430,409. Insiders own 0.79% of the company’s stock.

Seagate Technology Company 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.