SeaTown Holdings Pte. Ltd. Takes $8.95 Million Position in Seagate Technology Holdings PLC $STX

SeaTown Holdings Pte. Ltd. bought a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, HoldingsChannel reports. The firm bought 32,500 shares of the data storage provider’s stock, valued at approximately $8,950,000. Seagate Technology accounts for 5.2% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its 12th largest holding.

Several other large investors have also recently modified their holdings of the stock. Armstrong Advisory Group Inc. bought a new stake in Seagate Technology in the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Seagate Technology during the fourth quarter worth $37,000. First Horizon Corp bought a new position in Seagate Technology during the third quarter valued at $33,000. Raiffeisen Bank International AG bought a new position in Seagate Technology during the third quarter valued at $33,000. Finally, Physician Wealth Advisors Inc. raised its stake 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 acquiring an additional 45 shares during the period. Institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STX. UBS Group upped their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Barclays raised their price objective on shares of Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Cantor Fitzgerald upped their target price on Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Rosenblatt Securities increased their target price on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, KeyCorp set a $500.00 target price on Seagate Technology in a research report on Wednesday, January 28th. Nineteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $461.00.

Seagate Technology Price Performance

Shares of STX opened at $429.36 on Monday. The company has a 50 day moving average price of $404.33 and a 200-day moving average price of $315.31. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. The stock has a market capitalization of $93.63 billion, a PE ratio of 48.57, a PEG ratio of 0.95 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates 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 revenue was up 21.5% compared to the same quarter last year. 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. Equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s payout ratio is currently 33.48%.

Insiders Place Their Bets

In other 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 value of $414,418.50. Following the transaction, the director owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction that occurred 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 approximately $1,367,560.68. This trade represents a 86.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,635 shares of company stock valued at $47,133,843 in the last three months. 0.79% of the stock is currently owned by insiders.

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.