K.J. Harrison & Partners Inc Invests $764,000 in Seagate Technology Holdings PLC $STX

K.J. Harrison & Partners Inc bought 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 (SEC). The institutional investor bought 3,000 shares of the data storage provider’s stock, valued at approximately $764,000.

Several other hedge funds have also added to or reduced their stakes in STX. Rakuten Securities Inc. boosted its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the period. MTM Investment Management LLC acquired a new stake in shares of Seagate Technology during the second quarter worth $29,000. First Horizon Corp bought a new stake in shares of Seagate Technology in the third quarter valued at about $33,000. Raiffeisen Bank International AG acquired a new position in shares of Seagate Technology in the third quarter valued at about $33,000. Finally, Physician Wealth Advisors Inc. increased its position in Seagate Technology by 43.7% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after acquiring an additional 45 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Down 2.9%

Shares of STX opened at $409.67 on Friday. The firm has a 50 day simple moving average of $357.76 and a two-hundred day simple moving average of $273.68. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The company has a market cap of $89.34 billion, a P/E ratio of 46.34, a P/E/G ratio of 0.94 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company posted $2.03 EPS. The company’s revenue for the quarter 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. Research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is presently 33.48%.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total value of $5,711,200.00. Following the completion of the transaction, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay L. Geldmacher sold 925 shares of the firm’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 completion of the sale, the director owned 223 shares in the company, valued at $99,908.46. This represents a 80.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 89,801 shares of company stock valued at $32,360,491. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Cantor Fitzgerald boosted their price target on Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. UBS Group increased their price target on Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Sanford C. Bernstein lifted their price objective on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, China Renaissance upped their target price on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $447.35.

Seagate Technology 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.