Affinity Investment Advisors LLC Purchases 1,306 Shares of Seagate Technology Holdings PLC $STX

Affinity Investment Advisors LLC increased its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 8.2% in the third quarter, HoldingsChannel.com reports. The fund owned 17,258 shares of the data storage provider’s stock after buying an additional 1,306 shares during the period. Seagate Technology comprises approximately 2.8% of Affinity Investment Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Affinity Investment Advisors LLC’s holdings in Seagate Technology were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Seagate Technology by 168.0% during the first 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 period. Sivia Capital Partners LLC purchased a new position in Seagate Technology during the 2nd quarter worth approximately $262,000. Focus Partners Advisor Solutions LLC acquired a new stake in Seagate Technology during the 2nd quarter valued at approximately $368,000. Leavell Investment Management Inc. purchased a new stake in shares of Seagate Technology in the 2nd quarter valued at $277,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Seagate Technology by 36.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 161,131 shares of the data storage provider’s stock valued at $23,256,000 after acquiring an additional 43,224 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer directly owned 429,895 shares in the company, valued at approximately $122,760,816.20. The trade was a 4.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, the director owned 223 shares in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,801 shares of company stock valued at $32,360,491 in the last three months. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $396.02 on Wednesday. The firm has a market cap of $86.36 billion, a PE ratio of 44.80, a P/E/G ratio of 0.91 and a beta of 1.62. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The business has a 50-day moving average price of $352.52 and a 200 day moving average price of $271.68.

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

Seagate Technology Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on STX shares. Bank of America raised 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. Wedbush lifted their price objective on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. China Renaissance boosted their price objective on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Morgan Stanley raised their target price on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Finally, Argus lifted their price target on Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $447.35.

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.