J.W. Cole Advisors Inc. reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,747 shares of the data storage provider’s stock after selling 3,174 shares during the period. J.W. Cole Advisors Inc.’s holdings in Seagate Technology were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in STX. Integrated Wealth Concepts LLC lifted its stake in shares of Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after acquiring an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $262,000. Cerity Partners LLC lifted its stake in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. lifted its stake in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after acquiring an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after acquiring an additional 462 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Seagate Technology
In other news, Director Shankar Arumugavelu sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $927.68, for a total transaction of $927,680.00. Following the sale, the director owned 6,626 shares in the company, valued at $6,146,807.68. The trade was a 13.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $885.33, for a total transaction of $663,997.50. Following the sale, the director owned 4,101 shares in the company, valued at $3,630,738.33. This represents a 15.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 155,187 shares of company stock valued at $108,267,701 over the last three months. 0.79% of the stock is owned by insiders.
Seagate Technology Stock Up 3.5%
Seagate Technology (NASDAQ:STX – Get Free Report) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the firm earned $1.90 EPS. The business’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.
Seagate Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s payout ratio is currently 28.08%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on STX shares. Wedbush upped their price target on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. TD Cowen upped their price target on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley boosted their target price on shares of Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Susquehanna boosted their target price on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $788.29.
Read Our Latest Research Report on STX
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.
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