Vanguard Group Inc. Purchases 442,749 Shares of Seagate Technology Holdings PLC $STX

Vanguard Group Inc. boosted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,140,287 shares of the data storage provider’s stock after acquiring an additional 442,749 shares during the period. Vanguard Group Inc. owned 13.18% of Seagate Technology worth $6,642,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. Rakuten Securities Inc. lifted its stake in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. MTM Investment Management LLC bought a new stake in Seagate Technology during the 2nd quarter valued at $29,000. First Horizon Corp purchased a new stake in shares of Seagate Technology during the third quarter worth $33,000. Physician Wealth Advisors Inc. lifted its position 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 acquiring an additional 45 shares in the last quarter. Finally, United Community Bank boosted its holdings in shares of Seagate Technology by 35.2% in the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock worth $40,000 after acquiring an additional 44 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the sale, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. 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 the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the transaction, the chief executive officer owned 429,895 shares in the company, valued at $122,760,816.20. The trade was a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,955 shares of company stock worth $29,925,749 in the last quarter. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

STX has been the topic of a number of analyst reports. UBS Group boosted their price objective on Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Bank of America upped their price target on Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Zacks Research downgraded shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Wedbush boosted their price objective on shares of Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, KeyCorp set a $500.00 target price on shares of Seagate Technology in a research note on Wednesday, January 28th. Eighteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $444.09.

Seagate Technology Price Performance

STX stock opened at $425.99 on Tuesday. The firm has a 50 day simple moving average of $338.27 and a two-hundred day simple moving average of $260.72. The stock has a market cap of $92.90 billion, a PE ratio of 48.19, a P/E/G ratio of 0.95 and a beta of 1.62. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

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, topping analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio is 33.48%.

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.