Athena Wealth Management LLC Has $1.15 Million Stock Holdings in Seagate Technology Holdings PLC $STX

Athena Wealth Management LLC boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 38.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,939 shares of the data storage provider’s stock after buying an additional 820 shares during the quarter. Seagate Technology accounts for 0.9% of Athena Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. Athena Wealth Management LLC’s holdings in Seagate Technology were worth $1,151,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Anchyra Partners LLC bought a new position in shares of Seagate Technology in the first quarter valued at $289,000. Brookstone Capital Management grew its position in shares of Seagate Technology by 32.9% in the 1st quarter. Brookstone Capital Management now owns 16,185 shares of the data storage provider’s stock valued at $6,341,000 after acquiring an additional 4,009 shares during the period. Evolve Private Wealth LLC grew its position in shares of Seagate Technology by 238.2% in the 1st quarter. Evolve Private Wealth LLC now owns 3,859 shares of the data storage provider’s stock valued at $1,512,000 after acquiring an additional 2,718 shares during the period. Montecito Bank & Trust increased its stake in shares of Seagate Technology by 3.2% during the 1st quarter. Montecito Bank & Trust now owns 1,539 shares of the data storage provider’s stock worth $603,000 after purchasing an additional 48 shares during the last quarter. Finally, IVC Wealth Advisors LLC bought a new stake in shares of Seagate Technology in the 1st quarter valued at about $246,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the transaction, the executive vice president owned 3,691 shares of the company’s stock, valued at $3,016,580.48. This represents a 68.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the sale, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at $255,131,322.39. This trade represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 141,069 shares of company stock valued at $107,161,712 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Price Performance

Shares of STX opened at $1,094.04 on Tuesday. The business has a 50-day simple moving average of $781.00 and a two-hundred day simple moving average of $510.69. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12-month low of $130.92 and a 12-month high of $1,145.00. The stock has a market cap of $245.32 billion, a PE ratio of 103.80 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The firm’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STX. Sanford C. Bernstein upped their price objective on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Barclays lifted their target price on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group increased their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley raised their price target on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Finally, TD Cowen lifted their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $831.79.

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.