Seagate Technology Holdings PLC $STX Stock Position Decreased by Holocene Advisors LP

Holocene Advisors LP cut its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 17.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,008 shares of the data storage provider’s stock after selling 40,405 shares during the period. Holocene Advisors LP owned approximately 0.09% of Seagate Technology worth $44,381,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Seagate Technology by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock worth $6,642,796,000 after purchasing an additional 442,749 shares in the last quarter. State Street Corp lifted its stake in Seagate Technology by 5.0% during the second 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 acquired a new position in shares of Seagate Technology in the third quarter worth about $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after buying an additional 2,697,957 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Seagate Technology by 6.0% in the third quarter. Legal & General Group Plc now owns 1,535,675 shares of the data storage provider’s stock worth $362,511,000 after acquiring an additional 87,056 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STX has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Benchmark boosted their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Wedbush increased their target price on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Citigroup raised their target price on Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $447.35.

Seagate Technology Stock Performance

Shares of STX opened at $398.78 on Tuesday. The company has a market capitalization of $86.96 billion, a PE ratio of 45.11, a PEG ratio of 0.85 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company’s 50 day moving average price is $380.42 and its 200 day moving average price is $293.80. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $459.84.

Seagate Technology (NASDAQ:STX) last released its 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 company had revenue of $2.83 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend 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 other news, EVP Kian Fatt Chong sold 5,846 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $384.76, for a total value of $7,695,200.00. Following the sale, the chief executive officer owned 395,897 shares of the company’s stock, valued at approximately $152,325,329.72. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 89,051 shares of company stock valued at $34,430,409. 0.79% of the stock is currently owned by company insiders.

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.