Swiss National Bank Sells 29,100 Shares of Seagate Technology Holdings PLC $STX

Swiss National Bank trimmed its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 611,700 shares of the data storage provider’s stock after selling 29,100 shares during the quarter. Swiss National Bank owned about 0.29% of Seagate Technology worth $144,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pinpoint Asset Management Singapore Pte. Ltd. raised its holdings in shares of Seagate Technology by 0.7% during the third quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 35,614 shares of the data storage provider’s stock valued at $8,425,000 after purchasing an additional 260 shares during the period. Private Advisor Group LLC grew its stake in shares of Seagate Technology by 4.8% in the 3rd quarter. Private Advisor Group LLC now owns 17,636 shares of the data storage provider’s stock valued at $4,163,000 after buying an additional 807 shares during the period. PFG Advisors acquired a new stake in shares of Seagate Technology in the 3rd quarter valued at about $282,000. Diversify Advisory Services LLC increased its position in Seagate Technology by 4.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 5,837 shares of the data storage provider’s stock valued at $1,378,000 after buying an additional 237 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Seagate Technology in the 3rd quarter valued at about $200,000. 92.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the transaction, the executive vice president directly owned 257 shares of the company’s stock, valued at $89,654.45. The trade was a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the company’s 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 completion of the sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. The trade was a 4.45% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 89,051 shares of company stock worth $34,430,409. 0.79% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on STX shares. KeyCorp set a $500.00 price target on Seagate Technology in a report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Wedbush upped their target price on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Rosenblatt Securities increased their target price on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Stock Performance

Shares of STX opened at $374.33 on Tuesday. The firm has a market capitalization of $81.63 billion, a P/E ratio of 42.35, a P/E/G ratio of 0.78 and a beta of 1.61. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $459.84. The stock has a 50 day moving average price of $370.05 and a two-hundred day moving average price of $286.06. 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 (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company 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%.The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.8%. Seagate Technology’s dividend payout ratio (DPR) is 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.