Seagate Technology Holdings PLC $STX Shares Bought by Affinity Wealth Management LLC

Affinity Wealth Management LLC grew its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 429.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,237 shares of the data storage provider’s stock after purchasing an additional 23,710 shares during the period. Seagate Technology makes up approximately 1.0% of Affinity Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Affinity Wealth Management LLC’s holdings in Seagate Technology were worth $6,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its holdings in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after buying an additional 4,499 shares during the period. Sivia Capital Partners LLC purchased a new stake in Seagate Technology during the second quarter worth approximately $262,000. Blair William & Co. IL increased its position in shares of Seagate Technology by 33.5% in the second quarter. Blair William & Co. IL now owns 3,786 shares of the data storage provider’s stock worth $546,000 after acquiring an additional 951 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of Seagate Technology in the 2nd quarter valued at $208,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Seagate Technology by 30.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,764 shares of the data storage provider’s stock valued at $543,000 after acquiring an additional 870 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $425.99 on Friday. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The firm’s 50-day simple moving average is $335.46 and its 200-day simple moving average is $257.32. The firm has a market cap of $92.90 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62.

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 analysts’ consensus estimates 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 business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm earned $2.03 earnings per share. The company’s revenue for the quarter 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. Equities analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is currently 33.48%.

Insider Activity

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction 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 of the company’s stock, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction 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 owned 223 shares of the company’s stock, valued at approximately $99,908.46. The trade was a 80.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,955 shares of company stock valued at $29,925,749 over the last three months. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

STX has been the subject of a number of research reports. Robert W. Baird upped their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Rosenblatt Securities upped their target price on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Morgan Stanley increased their target price on Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Wells Fargo & Company boosted their price target on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Finally, Argus upped 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. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.