Greenland Capital Management LP Sells 3,077 Shares of Seagate Technology Holdings PLC $STX

Greenland Capital Management LP decreased its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 4.9% during the 2nd quarter, Holdings Channel reports. The firm owned 59,996 shares of the data storage provider’s stock after selling 3,077 shares during the quarter. Seagate Technology makes up 0.9% of Greenland Capital Management LP’s investment portfolio, making the stock its 23rd biggest holding. Greenland Capital Management LP’s holdings in Seagate Technology were worth $8,659,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new stake in Seagate Technology during the 2nd quarter valued at $173,000. Nordea Investment Management AB grew its holdings in shares of Seagate Technology by 18.0% during the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after purchasing an additional 2,808 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd increased its stake in shares of Seagate Technology by 185.8% in the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock valued at $2,704,000 after buying an additional 12,178 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Seagate Technology in the first quarter valued at about $272,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Seagate Technology by 21.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after buying an additional 10,847 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on STX shares. Argus boosted their price objective on shares of Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 30th. Robert W. Baird raised their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Sanford C. Bernstein increased their price objective on shares of Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Mizuho raised their target price on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, The Goldman Sachs Group upped their price target on Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $281.36.

Seagate Technology Price Performance

NASDAQ STX opened at $253.86 on Wednesday. The stock’s 50-day moving average is $236.72 and its 200-day moving average is $174.04. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $297.88. The firm has a market cap of $54.21 billion, a P/E ratio of 32.59, a P/E/G ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.40 by $0.21. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 dividend on an annualized basis and a yield of 1.2%. Seagate Technology’s dividend payout ratio is currently 38.00%.

Insider Transactions at Seagate Technology

In other news, CFO Gianluca Romano sold 54,021 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the sale, the chief financial officer owned 56,293 shares of the company’s stock, valued at $16,052,511.88. The trade was a 48.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $262.82, for a total value of $5,256,400.00. Following the completion of the sale, the chief executive officer directly owned 465,668 shares of the company’s stock, valued at approximately $122,386,863.76. The trade was a 4.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 131,261 shares of company stock worth $34,210,708. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.