Swiss Life Asset Management Ltd Has $52.04 Million Position in Seagate Technology Holdings PLC $STX

Swiss Life Asset Management Ltd lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,446 shares of the data storage provider’s stock after selling 2,340 shares during the period. Swiss Life Asset Management Ltd owned about 0.10% of Seagate Technology worth $52,038,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Groupama Asset Managment bought a new stake in shares of Seagate Technology in the 3rd quarter valued at about $257,000. Polar Asset Management Partners Inc. acquired a new position in Seagate Technology during the third quarter worth approximately $260,000. Syverson Strege & Co acquired a new position in Seagate Technology during the third quarter worth approximately $273,000. CIBC Private Wealth Group LLC raised its stake in Seagate Technology by 6.9% in the third quarter. CIBC Private Wealth Group LLC now owns 3,882 shares of the data storage provider’s stock valued at $916,000 after buying an additional 250 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Seagate Technology in the third quarter valued at approximately $6,923,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Seagate Technology stock opened at $406.77 on Thursday. The company has a market capitalization of $88.70 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 0.94 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 12 month low of $63.19 and a 12 month high of $459.84. The stock’s 50 day moving average is $384.20 and its 200-day moving average is $296.36.

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

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STX. Jefferies Financial Group reiterated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Morgan Stanley raised their price target on Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Wells Fargo & Company lifted their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Susquehanna raised shares of Seagate Technology from a “negative” rating to a “neutral” rating and increased their price objective for the company from $150.00 to $280.00 in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Insiders Place Their Bets

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the sale, the director owned 223 shares in the company, valued at $99,908.46. The trade was a 80.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,051 shares of company stock valued at $34,430,409 in the last three months. 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.