Aventura Private Wealth LLC Acquires New Position in Seagate Technology Holdings PLC $STX

Aventura Private Wealth LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 4th quarter, Holdings Channel reports. The firm bought 1,821 shares of the data storage provider’s stock, valued at approximately $501,000.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares during the period. First Horizon Corp purchased a new position in Seagate Technology in the third quarter worth approximately $33,000. Raiffeisen Bank International AG acquired a new stake in Seagate Technology during the third quarter worth $33,000. Physician Wealth Advisors Inc. increased its stake in Seagate Technology by 43.7% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after acquiring an additional 45 shares during the last quarter. Finally, Palisade Asset Management LLC purchased a new stake in Seagate Technology in the third quarter valued at $37,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction 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 of the company’s stock, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $384.76, for a total value of $7,695,200.00. Following the completion of the sale, the chief executive officer directly owned 395,897 shares of the company’s stock, valued at approximately $152,325,329.72. This represents a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 89,051 shares of company stock valued at $34,430,409. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Bank of America upped their price target on Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Morgan Stanley boosted their price objective on shares of Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. BNP Paribas Exane upped their target price on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and lifted their price target for the company from $150.00 to $280.00 in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $447.35.

Seagate Technology Stock Performance

NASDAQ STX opened at $411.23 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. The business has a fifty day moving average of $389.35 and a 200-day moving average of $299.02. The stock has a market cap of $89.68 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 0.97 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating 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 negative return on equity of 936.38% and a net margin of 19.59%.The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, analysts predict 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. Shareholders of record on Wednesday, March 25th will be paid 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 (DPR) is currently 33.48%.

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.