Seagate Technology Holdings PLC $STX Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 394.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,925 shares of the data storage provider’s stock after buying an additional 13,505 shares during the period. Vinva Investment Management Ltd’s holdings in Seagate Technology were worth $3,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CreativeOne Wealth LLC grew its holdings in shares of Seagate Technology by 5.6% during the third quarter. CreativeOne Wealth LLC now owns 19,412 shares of the data storage provider’s stock valued at $4,583,000 after purchasing an additional 1,023 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Seagate Technology by 109.1% in the 3rd quarter. Natixis Advisors LLC now owns 134,483 shares of the data storage provider’s stock worth $31,746,000 after purchasing an additional 70,176 shares during the last quarter. Korea Investment CORP boosted its position in Seagate Technology by 22.2% during the 3rd quarter. Korea Investment CORP now owns 171,137 shares of the data storage provider’s stock valued at $40,399,000 after purchasing an additional 31,064 shares during the period. Ameriflex Group Inc. grew its stake in Seagate Technology by 64.7% during the 3rd quarter. Ameriflex Group Inc. now owns 196 shares of the data storage provider’s stock worth $46,000 after buying an additional 77 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Seagate Technology by 8.7% in the third quarter. First Trust Advisors LP now owns 450,783 shares of the data storage provider’s stock worth $106,412,000 after buying an additional 36,075 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on STX. Cantor Fitzgerald raised their target price on Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. China Renaissance increased 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. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Susquehanna raised shares of Seagate Technology from a “negative” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $280.00 in a research note on Friday, January 16th. Finally, Evercore upped their target price on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the transaction, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the transaction, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 89,051 shares of company stock valued at $34,430,409. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Trading Down 4.0%

NASDAQ:STX opened at $352.80 on Monday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The stock has a market cap of $76.94 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 0.78 and a beta of 1.61. The business has a fifty day moving average of $368.19 and a 200-day moving average of $284.51. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating 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 company’s revenue was up 21.5% on a year-over-year basis. During the same period 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. Equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. Seagate Technology’s dividend payout ratio (DPR) is 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.