Monument Capital Management Takes Position in Seagate Technology Holdings PLC $STX

Monument Capital Management purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,156 shares of the data storage provider’s stock, valued at approximately $318,000.

Other large investors also recently bought and sold shares of the company. Bingham Private Wealth LLC acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $654,000. Sage Mountain Advisors LLC raised its stake in shares of Seagate Technology by 13.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,002 shares of the data storage provider’s stock worth $551,000 after buying an additional 237 shares during the period. Natural Investments LLC lifted its position in shares of Seagate Technology by 9.8% during the 4th quarter. Natural Investments LLC now owns 932 shares of the data storage provider’s stock valued at $256,000 after buying an additional 83 shares in the last quarter. Patton Fund Management Inc. grew its stake in Seagate Technology by 56.3% in the 4th quarter. Patton Fund Management Inc. now owns 27,445 shares of the data storage provider’s stock valued at $7,558,000 after acquiring an additional 9,881 shares during the period. Finally, Avion Wealth increased its holdings in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president owned 3,092 shares in the company, valued at $1,367,560.68. This trade represents a 86.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the sale, the director directly owned 223 shares in the company, valued at approximately $99,908.46. The trade was a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 112,223 shares of company stock worth $46,711,217. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Performance

NASDAQ STX opened at $519.60 on Thursday. 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 fifty day moving average is $417.64 and its two-hundred day moving average is $330.11. The firm has a market capitalization of $113.31 billion, a P/E ratio of 58.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.61. Seagate Technology Holdings PLC has a fifty-two week low of $71.29 and a fifty-two week high of $534.23.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. The business 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 quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

Analysts Set New Price Targets

Several equities analysts have issued reports on STX shares. Evercore increased their price objective on shares of Seagate Technology from $450.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Barclays raised their price target on shares of Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Susquehanna lifted their price objective on Seagate Technology from $420.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Wedbush boosted their price target on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $491.00.

About Seagate Technology

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.