1,275 Shares in Seagate Technology Holdings PLC $STX Acquired by Keel Point LLC

Keel Point LLC bought a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,275 shares of the data storage provider’s stock, valued at approximately $301,000.

Several other institutional investors also recently bought and sold shares of the business. Rakuten Securities Inc. boosted its holdings in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. First Horizon Corp acquired a new position in Seagate Technology in the third quarter valued at $33,000. Raiffeisen Bank International AG acquired a new position in Seagate Technology in the third quarter valued at $33,000. Physician Wealth Advisors Inc. lifted 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 buying an additional 45 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in Seagate Technology during the third quarter worth about $37,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. China Renaissance lifted their price target on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Wells Fargo & Company increased their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Benchmark raised their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $280.00 in a report on Friday, January 16th. Finally, Cantor Fitzgerald upped their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Insider Activity at Seagate Technology

In related news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the transaction, the executive vice president owned 257 shares in the company, valued at approximately $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 can be accessed through this link. Also, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Insiders sold 89,051 shares of company stock valued at $34,430,409 over the last quarter. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $411.23 on Friday. The business has a 50-day moving average of $389.35 and a two-hundred day moving average of $299.02. The firm has a market capitalization of $89.68 billion, a PE ratio of 46.52, a P/E/G ratio of 0.97 and a beta of 1.61. 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 12 month low of $63.19 and a 12 month high of $459.84.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share 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 business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the company posted $2.03 EPS. The company’s 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. As a group, research analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s payout ratio is 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.