Seagate Technology Holdings PLC $STX Stock Holdings Trimmed by Sanders Capital LLC

Sanders Capital LLC cut its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,541,266 shares of the data storage provider’s stock after selling 541,040 shares during the period. Seagate Technology accounts for approximately 5.1% of Sanders Capital LLC’s holdings, making the stock its 6th biggest holding. Sanders Capital LLC owned approximately 8.21% of Seagate Technology worth $4,140,791,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after acquiring an additional 442,749 shares during the last quarter. State Street Corp increased its stake in Seagate Technology by 5.0% during the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock worth $1,305,499,000 after acquiring an additional 432,455 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Seagate Technology during the third quarter worth about $1,187,621,000. Geode Capital Management LLC raised its holdings in shares of Seagate Technology by 1.9% in the 2nd 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 during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology 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 sale, the chief executive officer directly owned 429,895 shares in the company, valued at $122,760,816.20. This trade represents a 4.45% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 89,051 shares of company stock valued at $34,430,409. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STX shares. UBS Group boosted their target price on Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Argus lifted their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Mizuho boosted their price objective on shares of Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, TD Cowen increased their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. One research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $447.35.

Seagate Technology Price Performance

STX stock opened at $383.71 on Friday. The firm has a market cap of $83.68 billion, a P/E ratio of 43.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.61. 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 Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The stock has a 50-day simple moving average of $378.24 and a 200-day simple moving average of $290.46.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. The firm 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%.Seagate Technology’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s payout ratio is presently 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.