Range Financial Group LLC Sells 28,272 Shares of Seagate Technology Holdings PLC $STX

Range Financial Group LLC reduced its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 86.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,501 shares of the data storage provider’s stock after selling 28,272 shares during the quarter. Range Financial Group LLC’s holdings in Seagate Technology were worth $1,240,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. boosted its stake in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology during the fourth quarter worth approximately $28,000. First Horizon Corp purchased a new position in shares of Seagate Technology during the third quarter worth approximately $33,000. Raiffeisen Bank International AG bought a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $33,000. Finally, Physician Wealth Advisors Inc. lifted 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 worth $35,000 after acquiring an additional 45 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 24,584 shares of Seagate Technology stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total value of $10,000,033.68. Following the sale, the chief executive officer directly owned 375,591 shares in the company, valued at approximately $152,779,151.07. This trade represents a 6.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kian Fatt Chong sold 5,846 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 113,635 shares of company stock worth $44,430,443. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Down 4.6%

Shares of STX opened at $362.43 on Tuesday. The stock has a market capitalization of $79.04 billion, a P/E ratio of 41.00, a PEG ratio of 0.85 and a beta of 1.61. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The firm has a fifty day simple moving average of $398.12 and a two-hundred day simple moving average of $309.38.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS 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. 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 0.8%. Seagate Technology’s dividend payout ratio is presently 33.48%.

Wall Street Analyst Weigh In

Several research firms recently commented on STX. Citigroup increased their target price on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a report on Friday, February 6th. Robert W. Baird upped their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Cantor Fitzgerald raised their price objective on Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Wedbush boosted their target price on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and an average price target of $450.58.

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.