Avala Global LP Lowers Stock Holdings in Seagate Technology Holdings PLC $STX

Avala Global LP lessened its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 533,430 shares of the data storage provider’s stock after selling 21,000 shares during the period. Seagate Technology comprises about 5.2% of Avala Global LP’s investment portfolio, making the stock its 4th biggest position. Avala Global LP’s holdings in Seagate Technology were worth $125,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the period. MTM Investment Management LLC bought a new position in Seagate Technology in the 2nd quarter worth approximately $29,000. First Horizon Corp bought a new position in Seagate Technology in the 3rd quarter worth approximately $33,000. Raiffeisen Bank International AG purchased a new position in Seagate Technology in the 3rd quarter valued at approximately $33,000. Finally, Physician Wealth Advisors Inc. raised its holdings in Seagate Technology by 43.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. The trade was a 86.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James Ci Lee sold 673 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president directly owned 257 shares of the company’s stock, valued at approximately $89,654.45. This represents a 72.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 89,051 shares of company stock valued at $34,430,409 in the last ninety days. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 2.6%

Seagate Technology stock opened at $383.71 on Friday. 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 fifty-two week low of $63.19 and a fifty-two week high of $459.84. The stock has a market cap of $83.68 billion, a P/E ratio of 43.41, a PEG ratio of 0.85 and a beta of 1.61. The firm’s fifty day moving average price is $378.24 and its 200-day moving average price is $291.33.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company earned $2.03 earnings per share. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared 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 is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STX. Mizuho increased their target price on Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. TD Cowen boosted their price objective on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. KeyCorp set a $500.00 price objective on Seagate Technology in a report on Wednesday, January 28th. Wells Fargo & Company raised their target price on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane lifted their target price on Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $447.35.

Seagate Technology 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.