Seagate Technology Holdings PLC $STX Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 31.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,823 shares of the data storage provider’s stock after buying an additional 2,581 shares during the period. Park Avenue Securities LLC’s holdings in Seagate Technology were worth $2,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STX. First Horizon Corp acquired a new position in Seagate Technology in the 3rd quarter valued at $33,000. Raiffeisen Bank International AG acquired a new stake in shares of Seagate Technology during the third quarter worth $33,000. Physician Wealth Advisors Inc. grew its position in shares of Seagate Technology by 43.7% in the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Palisade Asset Management LLC purchased a new stake in shares of Seagate Technology in the third quarter valued at $37,000. Finally, Larson Financial Group LLC increased its stake in Seagate Technology by 41.9% in the third quarter. Larson Financial Group LLC now owns 166 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction that occurred 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 transaction, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. This represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,051 shares of company stock valued at $34,430,409 over the last quarter. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Susquehanna upgraded Seagate Technology from a “negative” rating to a “neutral” rating and increased their target price for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. TD Cowen upped their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wedbush increased 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. 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 research report on Tuesday, January 20th. Finally, Morgan Stanley boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $447.35.

Seagate Technology Price Performance

STX stock opened at $411.23 on Monday. The company has a market cap of $89.68 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. 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 stock has a 50-day moving average price of $389.35 and a two-hundred day moving average price of $300.79. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data 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. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

About Seagate Technology

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.