Seagate Technology Holdings PLC $STX Shares Sold by O Neil Global Advisors Inc.

O Neil Global Advisors Inc. trimmed its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 78.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,003 shares of the data storage provider’s stock after selling 14,965 shares during the quarter. O Neil Global Advisors Inc.’s holdings in Seagate Technology were worth $945,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. WCM Investment Management LLC acquired a new position in shares of Seagate Technology during the 3rd quarter worth about $1,187,621,000. Norges Bank purchased a new stake in Seagate Technology during the 2nd quarter worth approximately $197,027,000. Boston Partners acquired a new position in shares of Seagate Technology during the second quarter valued at approximately $193,500,000. Soroban Capital Partners LP lifted its position in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after acquiring an additional 1,327,197 shares in the last quarter. Finally, Trivest Advisors Ltd purchased a new position in shares of Seagate Technology in the third quarter valued at approximately $170,435,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the transaction, the executive vice president directly owned 257 shares of the company’s stock, valued at $89,654.45. The trade was a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the sale, the chief executive officer owned 429,895 shares in the company, valued at $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 83,955 shares of company stock worth $29,925,749 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

STX has been the subject of several research reports. Sanford C. Bernstein boosted their price target on Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Wedbush lifted their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. The Goldman Sachs Group increased their target price on shares of Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Citigroup boosted their price target on shares of Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Susquehanna raised shares of Seagate Technology from a “negative” rating to a “neutral” rating and upped their price objective for the company from $150.00 to $280.00 in a research note on Friday, January 16th. One equities 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $447.35.

Seagate Technology Stock Performance

NASDAQ STX opened at $411.11 on Monday. The stock has a fifty day simple moving average of $347.93 and a 200-day simple moving average of $268.13. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The stock has a market cap of $89.65 billion, a PE ratio of 46.51, a P/E/G ratio of 0.92 and a beta of 1.62. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

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.