Seagate Technology Holdings PLC $STX Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 23.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,836 shares of the data storage provider’s stock after acquiring an additional 3,013 shares during the period. NewEdge Wealth LLC’s holdings in Seagate Technology were worth $4,361,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its holdings in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology during the fourth quarter worth $28,000. Concord Wealth Partners acquired a new position in Seagate Technology during the fourth quarter worth $28,000. Avion Wealth raised its holdings in Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Seagate Technology during the fourth quarter worth $37,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STX has been the subject of several research reports. KeyCorp set a $500.00 price objective on Seagate Technology in a report on Wednesday, January 28th. TD Cowen raised their price target on Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Loop Capital raised their price target on Seagate Technology from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group raised their price target on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $709.13.

Insider Transactions at Seagate Technology

In related news, EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction on Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the transaction, the executive vice president owned 11,954 shares in the company, valued at approximately $8,826,474.98. This trade represents a 32.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 24,584 shares of Seagate Technology stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the completion of the transaction, the chief executive officer owned 375,591 shares in the company, valued at $152,779,151.07. The trade was a 6.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 102,723 shares of company stock valued at $53,301,684 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $834.01 on Tuesday. The company has a market cap of $187.01 billion, a P/E ratio of 79.13 and a beta of 1.98. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 52 week low of $100.00 and a 52 week high of $841.31. The business has a fifty day simple moving average of $492.12 and a 200-day simple moving average of $378.05.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the firm earned $1.90 earnings per share. The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) 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.