Exchange Traded Concepts LLC Trims Stock Holdings in Seagate Technology Holdings PLC $STX

Exchange Traded Concepts LLC lowered its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 38.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,136 shares of the data storage provider’s stock after selling 1,312 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Seagate Technology were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. purchased a new stake in Seagate Technology in the 4th quarter worth approximately $28,000. First Horizon Corp bought a new stake in Seagate Technology during the 3rd quarter worth approximately $33,000. Raiffeisen Bank International AG bought a new stake in Seagate Technology during the 3rd quarter worth approximately $33,000. Physician Wealth Advisors Inc. lifted its holdings 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 valued at $35,000 after purchasing an additional 45 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new position in shares of Seagate Technology in the third quarter worth approximately $37,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

STX stock opened at $429.36 on Friday. Seagate Technology Holdings PLC has a one year low of $63.19 and a one 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. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company 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.

Seagate Technology (NASDAQ:STX) last posted 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. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the company posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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 given a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BNP Paribas Exane increased their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Barclays lifted their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Citigroup increased their price target on Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and raised their price target for the company from $150.00 to $280.00 in a report on Friday, January 16th. Finally, Sanford C. Bernstein boosted their price objective on Seagate Technology from $500.00 to $620.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $461.00.

Insider Transactions at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total value of $8,414,600.00. Following the transaction, the chief executive officer owned 355,591 shares of the company’s stock, valued at $149,607,801.43. This represents a 5.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 113,635 shares of company stock valued at $47,133,843. 0.79% of the stock is owned by insiders.

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.