Seagate Technology Holdings PLC $STX Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,581 shares of the data storage provider’s stock after buying an additional 3,121 shares during the quarter. Wealthfront Advisers LLC’s holdings in Seagate Technology were worth $9,816,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. United Community Bank grew its holdings in Seagate Technology by 35.2% in the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after purchasing an additional 44 shares during the period. Physician Wealth Advisors Inc. boosted its holdings 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 during the last quarter. Sivia Capital Partners LLC grew its stake 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 valued at $440,000 after buying an additional 47 shares during the period. Magnus Financial Group LLC increased 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 worth $414,000 after buying an additional 49 shares during the last quarter. Finally, Lee Johnson Capital Management LLC raised its position in shares of Seagate Technology by 0.9% in the 3rd quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock worth $1,309,000 after buying an additional 50 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STX has been the subject of a number of research reports. Robert W. Baird boosted their price target on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Rosenblatt Securities boosted their target price on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. KeyCorp set a $500.00 target price on shares of Seagate Technology in a research report on Wednesday, January 28th. Cantor Fitzgerald lifted their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, BNP Paribas Exane increased their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $444.09.

Seagate Technology Trading Up 2.8%

STX opened at $407.25 on Thursday. The firm has a market capitalization of $88.81 billion, a P/E ratio of 46.07, a P/E/G ratio of 0.89 and a beta of 1.62. The firm’s 50 day moving average is $329.20 and its 200-day moving average is $254.17. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $459.41.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results 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. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the business earned $2.03 EPS. The business’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors 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 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s dividend payout ratio is currently 33.48%.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.27, for a total transaction of $8,585,400.00. Following the completion of the sale, the chief executive officer owned 410,056 shares of the company’s stock, valued at approximately $176,024,739.12. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The stock was 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 trade represents a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,955 shares of company stock worth $29,925,749 over the last quarter. Corporate 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.