Syon Capital LLC Invests $748,000 in Seagate Technology Holdings PLC $STX

Syon Capital LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,169 shares of the data storage provider’s stock, valued at approximately $748,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Seagate Technology by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after buying an additional 442,749 shares during the period. State Street Corp grew its position in Seagate Technology by 5.0% in the 2nd quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after acquiring an additional 432,455 shares in the last quarter. WCM Investment Management LLC purchased a new stake in Seagate Technology during the third quarter worth about $1,187,621,000. Geode Capital Management LLC lifted its position in shares of Seagate Technology by 1.9% during the second quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock worth $656,066,000 after purchasing an additional 85,660 shares in the last quarter. Finally, Soroban Capital Partners LP boosted its stake in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on STX. Mizuho increased their target price on shares of Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a report on Tuesday. Benchmark increased their price objective on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Fox Advisors lifted their target price on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Morgan Stanley boosted their target price on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $447.35.

Seagate Technology Stock Up 0.5%

Shares of NASDAQ STX opened at $411.11 on Friday. The business has a 50-day moving average of $347.93 and a two-hundred day moving average of $266.48. The company has a market capitalization of $89.65 billion, a price-to-earnings ratio of 46.51, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. 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 (NASDAQ:STX) last issued its 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 business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a $0.74 dividend. 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 (DPR) is 33.48%.

Insider Activity

In related news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the sale, the executive vice president directly owned 257 shares of the company’s stock, valued at $89,654.45. This represents a 72.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $204,682.50. Following the transaction, the director directly owned 5,601 shares in the company, valued at approximately $1,528,568.91. This trade represents a 11.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 83,955 shares of company stock worth $29,925,749 over the last three months. Company insiders own 0.79% of the company’s stock.

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.