Baader Bank Aktiengesellschaft Acquires New Shares in Seagate Technology Holdings PLC $STX

Baader Bank Aktiengesellschaft acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 5,491 shares of the data storage provider’s stock, valued at approximately $1,296,000.

Several other large investors also recently bought and sold shares of the company. National Pension Service lifted its holdings in shares of Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock valued at $59,044,000 after acquiring an additional 54,722 shares in the last quarter. Vision Financial Markets LLC purchased a new position in Seagate Technology in the second quarter valued at about $173,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Seagate Technology in the 3rd quarter valued at approximately $1,864,000. Nordea Investment Management AB raised its stake in shares of Seagate Technology by 18.0% in the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock valued at $2,632,000 after purchasing an additional 2,808 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd lifted its position in shares of Seagate Technology by 185.8% during the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after purchasing an additional 12,178 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

NASDAQ STX opened at $407.25 on Thursday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.41. 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 has a market capitalization of $88.81 billion, a PE ratio of 46.07, a P/E/G ratio of 0.89 and a beta of 1.62. The stock has a 50-day simple moving average of $329.20 and a 200 day simple moving average of $254.17.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Insider Activity at Seagate Technology

In other news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ban Seng Teh sold 20,195 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the transaction, the executive vice president owned 3,092 shares in the company, valued at $1,367,560.68. The trade was a 86.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 83,955 shares of company stock valued at $29,925,749. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on STX shares. Wells Fargo & Company lifted their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Wedbush upped their price objective on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. China Renaissance upped their target price on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Bank of America boosted their target price on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, KeyCorp set a $500.00 price target on Seagate Technology in a research report on Wednesday, January 28th. Eighteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $444.09.

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.