American National Bank & Trust Buys 1,303 Shares of Seagate Technology Holdings PLC $STX

American National Bank & Trust grew its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 1,113.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,420 shares of the data storage provider’s stock after acquiring an additional 1,303 shares during the period. American National Bank & Trust’s holdings in Seagate Technology were worth $391,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology in the 4th quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Seagate Technology during the fourth quarter valued at $37,000. First Horizon Corp purchased a new position in shares of Seagate Technology during the third quarter valued at $33,000. Raiffeisen Bank International AG bought a new stake in shares of Seagate Technology in the third quarter valued at about $33,000. Finally, Physician Wealth Advisors Inc. lifted its stake in Seagate Technology by 43.7% in 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 period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

Shares of STX opened at $429.36 on Friday. The firm has a market capitalization of $93.63 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The company’s fifty day moving average price is $404.33 and its 200-day moving average price is $314.60.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (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 company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the business posted $2.03 EPS. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders 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 is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president directly owned 257 shares of the company’s stock, valued at approximately $89,654.45. This trade represents a 72.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William D. Mosley sold 24,584 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the transaction, the chief executive officer directly owned 375,591 shares of the company’s stock, valued at $152,779,151.07. This represents a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 113,635 shares of company stock valued at $47,133,843. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STX. Rosenblatt Securities increased their target price on Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Mizuho upped their target price on Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Benchmark increased their price target on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Bank of America raised their price target on Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, TD Cowen boosted their price target on Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Nineteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $461.00.

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.