Trivest Advisors Ltd Purchases New Shares in Seagate Technology Holdings PLC $STX

Trivest Advisors Ltd purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 722,000 shares of the data storage provider’s stock, valued at approximately $170,435,000. Seagate Technology makes up about 5.4% of Trivest Advisors Ltd’s investment portfolio, making the stock its 7th largest position. Trivest Advisors Ltd owned 0.34% of Seagate Technology at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in STX. Integrated Wealth Concepts LLC grew its stake in Seagate Technology by 168.0% in the 1st 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 bought a new position in Seagate Technology during the second quarter valued at about $262,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Seagate Technology during the second quarter worth about $271,000. Chicago Partners Investment Group LLC purchased a new stake in Seagate Technology during the second quarter worth about $220,000. Finally, Ethic Inc. raised its position in Seagate Technology by 16.4% in the second quarter. Ethic Inc. now owns 20,270 shares of the data storage provider’s stock worth $2,867,000 after acquiring an additional 2,851 shares during the period. 92.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total value of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,955 shares of company stock valued at $29,925,749 over the last 90 days. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein lifted their price target on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. UBS Group upped their price target on Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Evercore lifted their price objective on Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Loop Capital boosted their price objective on Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Wedbush increased their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $411.11 on Friday. The company has a 50 day moving average of $347.93 and a 200 day moving average of $267.28. The stock has a market cap of $89.65 billion, a P/E ratio of 46.51, a P/E/G ratio of 0.92 and a beta of 1.62. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. 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 (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) 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 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 prior year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

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.