ING Groep NV bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,522 shares of the data storage provider’s stock, valued at approximately $3,999,000.
Several other hedge funds and other institutional investors have also made changes to their positions in STX. Integrated Wealth Concepts LLC lifted its holdings in shares of 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 valued at $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology during the 2nd quarter valued at $262,000. Cerity Partners LLC lifted its holdings in shares of 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. lifted its holdings in shares of Seagate Technology by 64.8% during 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Seagate Technology by 0.4% during 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 in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.
Wall Street Analysts Forecast Growth
STX has been the topic of several recent research reports. Susquehanna lifted their target price on shares of Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Morgan Stanley lifted their target price on shares of Seagate Technology from $582.00 to $767.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Barclays lifted their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Mizuho lifted their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $788.29.
Insider Buying and Selling
In other news, CEO William D. Mosley sold 13,780 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $924.99, for a total value of $12,746,362.20. Following the completion of the sale, the chief executive officer owned 323,591 shares of the company’s stock, valued at approximately $299,318,439.09. The trade was a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $885.33, for a total transaction of $663,997.50. Following the completion of the sale, the director directly owned 4,101 shares of the company’s stock, valued at $3,630,738.33. The trade was a 15.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 155,187 shares of company stock worth $108,267,701. 0.79% of the stock is currently owned by insiders.
Seagate Technology Stock Performance
Seagate Technology stock opened at $876.77 on Tuesday. Seagate Technology Holdings PLC has a 12-month low of $124.63 and a 12-month high of $966.80. The company has a market capitalization of $196.60 billion, a price-to-earnings ratio of 83.19 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The firm’s fifty day moving average price is $671.46 and its 200 day moving average price is $459.98.
Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.
Seagate Technology Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s payout ratio is presently 28.08%.
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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