Seagate Technology Holdings PLC $STX Shares Purchased by Vision Financial Markets LLC

Vision Financial Markets LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 341.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,300 shares of the data storage provider’s stock after acquiring an additional 4,100 shares during the quarter. Seagate Technology accounts for about 1.1% of Vision Financial Markets LLC’s holdings, making the stock its 19th biggest position. Vision Financial Markets LLC’s holdings in Seagate Technology were worth $1,251,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its stake in shares of Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology during the 2nd quarter valued at approximately $262,000. US Bancorp DE boosted its stake in shares of Seagate Technology by 8.8% during the 2nd quarter. US Bancorp DE now owns 22,988 shares of the data storage provider’s stock worth $3,318,000 after acquiring an additional 1,850 shares in the last quarter. Blair William & Co. IL increased its stake in Seagate Technology by 33.5% in the 2nd quarter. Blair William & Co. IL now owns 3,786 shares of the data storage provider’s stock valued at $546,000 after purchasing an additional 951 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in Seagate Technology during the second quarter worth $208,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Seagate Technology

In other news, EVP James Ci Lee sold 673 shares of the business’s 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 completion of the transaction, the executive vice president owned 257 shares of the company’s stock, valued at approximately $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the sale, the director owned 5,601 shares in the company, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 83,955 shares of company stock valued at $29,925,749 over the last ninety days. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. Robert W. Baird lifted their target price on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. UBS Group lifted their price objective on Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, TD Cowen upped their target price on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $444.09.

Seagate Technology Trading Down 6.8%

Shares of STX stock opened at $396.23 on Wednesday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.41. The stock has a market cap of $86.41 billion, a price-to-earnings ratio of 44.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.62. 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’s 50 day moving average price is $326.23 and its two-hundred day moving average price is $253.10.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The business 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%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current 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 issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

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.