Seagate Technology Holdings PLC $STX Shares Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,691 shares of the data storage provider’s stock after selling 1,158 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Seagate Technology were worth $2,118,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in STX. Integrated Wealth Concepts LLC boosted its stake in Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Seagate Technology during the second quarter worth about $262,000. Cerity Partners LLC grew its stake in Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares in the last quarter. Sei Investments Co. raised its holdings in Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after acquiring an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in 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 valued at $18,458,000 after acquiring an additional 462 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Trading Up 3.0%

STX opened at $547.75 on Friday. The stock has a market capitalization of $119.45 billion, a PE ratio of 61.96, a P/E/G ratio of 1.15 and a beta of 1.61. Seagate Technology Holdings PLC has a one year low of $72.62 and a one year high of $553.57. 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 business’s 50 day moving average price is $422.54 and its 200 day moving average price is $334.41.

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

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, March 25th. Seagate Technology’s payout ratio is 33.48%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total value of $8,414,600.00. Following the transaction, the chief executive officer owned 355,591 shares of the company’s stock, valued at $149,607,801.43. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $414,418.50. Following the sale, the director owned 223 shares of the company’s stock, valued at approximately $99,908.46. This represents a 80.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 112,223 shares of company stock worth $46,711,217 in the last 90 days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the topic of several recent research reports. The Goldman Sachs Group boosted their target price on Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. UBS Group lifted their price objective on Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Cantor Fitzgerald boosted their price objective on Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. TD Cowen upped their target price on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Argus lifted their price target on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $494.13.

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.