Thrivent Financial for Lutherans Sells 3,289 Shares of Seagate Technology Holdings PLC $STX

Thrivent Financial for Lutherans reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 25.3% during the third quarter, Holdings Channel reports. The firm owned 9,711 shares of the data storage provider’s stock after selling 3,289 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Seagate Technology were worth $2,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of STX. National Pension Service raised its position in shares of Seagate Technology by 28.0% in the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after acquiring an additional 54,722 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in Seagate Technology in the second quarter worth $173,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Seagate Technology in the third quarter worth $1,864,000. Nordea Investment Management AB raised its holdings in Seagate Technology by 18.0% in the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after purchasing an additional 2,808 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd lifted its position in Seagate Technology by 185.8% during the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock valued at $2,704,000 after buying an additional 12,178 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STX. Wells Fargo & Company boosted their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Cantor Fitzgerald lifted their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. China Renaissance upped their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Benchmark raised their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, Fox Advisors lifted their target price on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Eighteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $444.09.

Seagate Technology Stock Performance

STX stock opened at $396.23 on Wednesday. The stock’s 50 day simple moving average is $326.23 and its 200 day simple moving average is $253.10. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.41. The stock has a market capitalization of $86.41 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 earnings per share. 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 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 given a $0.74 dividend. 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 0.7%. Seagate Technology’s payout ratio is 33.48%.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This trade represents a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the completion of the sale, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 83,955 shares of company stock worth $29,925,749. 0.79% of the stock is owned by company insiders.

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.