10,601 Shares in Seagate Technology Holdings PLC $STX Acquired by Dorsey Wright & Associates

Dorsey Wright & Associates acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 10,601 shares of the data storage provider’s stock, valued at approximately $2,502,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Horizon Corp acquired a new position in shares of Seagate Technology in the 3rd quarter valued at $33,000. Raiffeisen Bank International AG acquired a new stake in shares of Seagate Technology during the third quarter worth $33,000. Physician Wealth Advisors Inc. grew its stake in shares of Seagate Technology by 43.7% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 45 shares during the period. Palisade Asset Management LLC bought a new stake in Seagate Technology in the third quarter valued at about $37,000. Finally, Larson Financial Group LLC increased its holdings in Seagate Technology by 41.9% in the third quarter. Larson Financial Group LLC now owns 166 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 49 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $421.09 on Wednesday. The company has a fifty day moving average price of $382.23 and a 200 day moving average price of $295.59. The firm has a market cap of $91.83 billion, a PE ratio of 47.63, a PEG ratio of 0.89 and a beta of 1.61. 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 Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 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 firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the business posted $2.03 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share 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. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is currently 33.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on STX shares. Bank of America raised their target price on Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. KeyCorp set a $500.00 price target on Seagate Technology in a research note on Wednesday, January 28th. Argus increased 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 lifted 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, Morgan Stanley upped their target price on shares of Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. One equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $447.35.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the sale, the director directly owned 223 shares of the company’s stock, valued at approximately $99,908.46. This represents a 80.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the sale, the executive vice president directly owned 257 shares in the company, valued at approximately $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 89,051 shares of company stock worth $34,430,409. Corporate insiders own 0.79% of the company’s stock.

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.