TSA Wealth Managment LLC Buys Shares of 1,263 Seagate Technology Holdings PLC $STX

TSA Wealth Managment LLC purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,263 shares of the data storage provider’s stock, valued at approximately $298,000.

A number of other large investors also recently modified their holdings of STX. Integrated Wealth Concepts LLC lifted its stake in Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Seagate Technology during the 2nd quarter valued at $262,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Seagate Technology in the second quarter worth $271,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Seagate Technology in the second quarter worth $220,000. Finally, Ethic Inc. boosted its stake in Seagate Technology by 16.4% during the second quarter. Ethic Inc. now owns 20,270 shares of the data storage provider’s stock valued at $2,867,000 after buying an additional 2,851 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on STX shares. Citigroup upped their target price on Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Argus boosted their price objective on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Loop Capital raised their target price on shares of Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Fox Advisors boosted their price target on shares of Seagate Technology from $245.00 to $270.00 in a research note on Wednesday, October 29th. Finally, UBS Group increased their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Stock Up 0.5%

Shares of STX opened at $411.11 on Friday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. 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 stock has a 50 day simple moving average of $347.93 and a two-hundred day simple moving average of $267.28. The firm has a market cap of $89.65 billion, a P/E ratio of 46.51, a P/E/G ratio of 0.92 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping 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 firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business posted $2.03 EPS. The business’s quarterly 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. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share 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. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Transactions at Seagate Technology

In other news, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the sale, the director owned 223 shares of the company’s stock, valued at approximately $99,908.46. The trade was a 80.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total value of $5,711,200.00. Following the transaction, the chief executive officer owned 429,895 shares in the company, valued at approximately $122,760,816.20. The trade was a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 83,955 shares of company stock valued at $29,925,749. 0.79% of the stock is currently owned by corporate 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.