Profund Advisors LLC Purchases 16,651 Shares of Seagate Technology Holdings PLC $STX

Profund Advisors LLC lifted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 458.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,282 shares of the data storage provider’s stock after acquiring an additional 16,651 shares during the quarter. Profund Advisors LLC’s holdings in Seagate Technology were worth $5,585,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC grew its position in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of Seagate Technology by 884.2% during the 2nd 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. bought a new position in shares of Seagate Technology during the 4th quarter worth $28,000. Avion Wealth grew its position in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after buying an additional 79 shares in the last quarter. Finally, Concord Wealth Partners bought a new position in shares of Seagate Technology during the 4th quarter worth $28,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Evercore ISI reportedly raised its price target on Seagate, signaling at least one analyst still sees upside despite the recent volatility.
• Positive Sentiment: Earlier commentary highlighted Seagate as a beneficiary of the AI storage boom, with strong demand for mass-capacity drives and progress on Mozaic HAMR technology supporting revenue and margin growth. Article Title
• Neutral Sentiment: Seagate presented at the J.P. Morgan Global Technology, Media and Communications Conference, keeping investors focused on management’s outlook and manufacturing plans. Article Title
• Negative Sentiment: CEO comments that new factory expansion would take too long sparked fears Seagate may not be able to keep pace with AI-related demand, weighing on the stock and pressuring peers such as Micron, SanDisk, and Western Digital. Article Title
• Negative Sentiment: Multiple reports said STX slid about 7% to 7.5% as investors sold the stock on concerns that capacity constraints could limit Seagate’s ability to monetize AI demand right away. Article Title

Seagate Technology Stock Down 6.9%

Shares of STX stock opened at $740.84 on Tuesday. The stock’s 50-day simple moving average is $533.71 and its 200-day simple moving average is $398.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The firm has a market capitalization of $166.12 billion, a PE ratio of 70.29 and a beta of 1.98. Seagate Technology Holdings PLC has a fifty-two week low of $103.73 and a fifty-two week high of $841.31.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company’s revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is currently 28.08%.

Analyst Upgrades and Downgrades

STX has been the topic of a number of recent research reports. Sanford C. Bernstein increased their price target on Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Barclays increased their price target on Seagate Technology from $625.00 to $750.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. KeyCorp set a $500.00 price objective on Seagate Technology in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. upped their price objective on Seagate Technology from $525.00 to $775.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $733.71.

Insiders Place Their Bets

In other news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Christopher Morris sold 5,626 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares in the company, valued at $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 118,283 shares of company stock valued at $65,989,618. Insiders own 0.79% of the company’s stock.

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.