2,700 Shares in Seagate Technology Holdings PLC $STX Acquired by CTC Alternative Strategies Ltd.

CTC Alternative Strategies Ltd. purchased a new stake in 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 fund purchased 2,700 shares of the data storage provider’s stock, valued at approximately $637,000. Seagate Technology makes up about 0.8% of CTC Alternative Strategies Ltd.’s holdings, making the stock its 25th biggest position.

A number of other large investors have also recently bought and sold shares of STX. West Family Investments Inc. lifted its holdings in shares of Seagate Technology by 2.7% during 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 period. United Community Bank grew its holdings in shares of Seagate Technology by 35.2% in the 3rd quarter. United Community Bank now owns 169 shares of the data storage provider’s stock worth $40,000 after purchasing an additional 44 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Seagate Technology by 43.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of 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 purchasing an additional 47 shares in the last quarter. Finally, Magnus Financial Group LLC lifted its holdings in 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on STX shares. KeyCorp set a $500.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 28th. China Renaissance lifted their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a research report on Wednesday, February 4th. Wells Fargo & Company raised their price target on Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Finally, Evercore lifted their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $447.35.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction that occurred on 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 owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This trade represents a 86.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the transaction, the director owned 223 shares of the company’s stock, valued at approximately $99,908.46. This represents a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 89,051 shares of company stock worth $34,430,409 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

STX stock opened at $406.77 on Thursday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market cap of $88.70 billion, a P/E ratio of 46.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.61. The business’s fifty day moving average is $384.20 and its 200-day moving average is $296.36.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS 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 business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the firm earned $2.03 earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis 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%.

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.