Cooper Financial Group Sells 1,488 Shares of Seagate Technology Holdings PLC $STX

Cooper Financial Group decreased its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 33.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,980 shares of the data storage provider’s stock after selling 1,488 shares during the quarter. Cooper Financial Group’s holdings in Seagate Technology were worth $821,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sovereign Financial Group Inc. raised its stake in Seagate Technology by 3.2% in the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock valued at $293,000 after purchasing an additional 33 shares in the last quarter. West Family Investments Inc. grew its stake in Seagate Technology by 2.7% in the 3rd quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock worth $337,000 after buying an additional 37 shares in the last quarter. United Community Bank increased its holdings in shares of Seagate Technology by 35.2% in the 3rd quarter. United Community Bank now owns 169 shares of the data storage provider’s stock worth $40,000 after buying an additional 44 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after buying an additional 45 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Seagate Technology by 2.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after buying an additional 47 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Activity at Seagate Technology

In related news, Director Jay L. Geldmacher sold 925 shares of the company’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 completion of the sale, the director directly owned 223 shares in the company, valued at $99,908.46. This represents a 80.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $384.76, for a total transaction of $7,695,200.00. Following the completion of the sale, the chief executive officer directly owned 395,897 shares in the company, valued at approximately $152,325,329.72. This trade represents a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,051 shares of company stock worth $34,430,409 over the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STX shares. Wells Fargo & Company upped their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group raised their price target on Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Argus lifted their price target on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Loop Capital upped their price objective on Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Bank of America increased their price objective on Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Stock Down 5.4%

STX opened at $411.23 on Monday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The business’s 50-day moving average price is $389.35 and its 200-day moving average price is $300.79. The company has a market cap of $89.68 billion, a P/E ratio of 46.52, a P/E/G ratio of 0.91 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the business posted $2.03 EPS. Seagate Technology’s quarterly revenue 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. On average, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a $0.74 dividend. 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 payout ratio is presently 33.48%.

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.