Franklin Resources Inc. Has $1.90 Billion Stock Position in Seagate Technology Holdings PLC $STX

Franklin Resources Inc. reduced its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 8.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,067,216 shares of the data storage provider’s stock after selling 716,189 shares during the period. Franklin Resources Inc.’s holdings in Seagate Technology were worth $1,904,347,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. West Family Investments Inc. grew its position in Seagate Technology by 2.7% in the third quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock valued at $337,000 after acquiring an additional 37 shares during the last quarter. United Community Bank lifted its holdings in shares of Seagate Technology by 35.2% in the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock worth $40,000 after acquiring an additional 44 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after purchasing an additional 45 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Seagate Technology by 2.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after purchasing an additional 47 shares in the last quarter. Finally, Magnus Financial Group LLC grew its holdings in shares of Seagate Technology by 2.9% during the 3rd quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock valued at $414,000 after purchasing an additional 49 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $384.29 on Wednesday. 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 Holdings PLC has a 52 week low of $63.19 and a 52 week high of $459.84. The firm has a market cap of $83.80 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 0.83 and a beta of 1.61. The firm’s fifty day moving average is $372.13 and its 200-day moving average is $287.65.

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 business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.Seagate Technology’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period 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 predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be paid 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 dividend payout ratio is presently 33.48%.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the sale, the executive vice president owned 257 shares of the company’s stock, valued at approximately $89,654.45. This represents a 72.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the transaction, the executive vice president owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 89,051 shares of company stock valued at $34,430,409 over the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on STX shares. Bank of America increased their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. BNP Paribas Exane boosted their target price on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Rosenblatt Securities upped their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Loop Capital increased their price target on Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. One 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

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.