Dimensional Fund Advisors LP Sells 64,699 Shares of Seagate Technology Holdings PLC $STX

Dimensional Fund Advisors LP reduced its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 898,578 shares of the data storage provider’s stock after selling 64,699 shares during the period. Dimensional Fund Advisors LP’s holdings in Seagate Technology were worth $212,055,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Insigneo Advisory Services LLC purchased a new stake in Seagate Technology in the third quarter worth about $216,000. Cresset Asset Management LLC lifted its holdings in shares of Seagate Technology by 4.1% during the third quarter. Cresset Asset Management LLC now owns 7,286 shares of the data storage provider’s stock valued at $1,726,000 after purchasing an additional 287 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Seagate Technology by 6.9% during the third quarter. AustralianSuper Pty Ltd now owns 24,093 shares of the data storage provider’s stock valued at $5,687,000 after purchasing an additional 1,547 shares during the last quarter. Level Four Advisory Services LLC boosted its position in shares of Seagate Technology by 50.8% in the 3rd quarter. Level Four Advisory Services LLC now owns 4,629 shares of the data storage provider’s stock worth $1,093,000 after purchasing an additional 1,560 shares in the last quarter. Finally, CI Investments Inc. grew its stake in shares of Seagate Technology by 31.1% in the 3rd quarter. CI Investments Inc. now owns 1,599 shares of the data storage provider’s stock worth $377,000 after buying an additional 379 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Wells Fargo & Company lifted their price target on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Finally, Wedbush upped their price target on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $447.35.

Seagate Technology Trading Down 4.0%

Shares of NASDAQ:STX opened at $352.80 on Friday. The stock has a market capitalization of $76.94 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 0.79 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. The stock’s 50-day simple moving average is $368.19 and its two-hundred day simple moving average is $283.63. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $459.84.

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, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The business’s revenue for the quarter 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. Analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is currently 33.48%.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $384.76, for a total transaction of $7,695,200.00. Following the completion of the sale, the chief executive officer owned 395,897 shares of the company’s stock, valued at $152,325,329.72. The trade was a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the transaction, the executive vice president directly owned 3,092 shares in the company, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 89,051 shares of company stock valued at $34,430,409 in the last quarter. 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.