Hanson & Doremus Investment Management Sells 2,613 Shares of Seagate Technology Holdings PLC $STX

Hanson & Doremus Investment Management decreased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,263 shares of the data storage provider’s stock after selling 2,613 shares during the quarter. Seagate Technology makes up approximately 1.5% of Hanson & Doremus Investment Management’s portfolio, making the stock its 13th biggest position. Hanson & Doremus Investment Management’s holdings in Seagate Technology were worth $13,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Gateway Investment Advisers LLC increased its holdings in Seagate Technology by 1.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after purchasing an additional 25 shares during the period. Trajan Wealth LLC lifted its holdings in Seagate Technology by 1.9% during the 4th quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock worth $365,000 after buying an additional 25 shares during the period. Fortis Capital Management LLC increased its stake in shares of Seagate Technology by 1.1% in the fourth quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock valued at $704,000 after buying an additional 27 shares during the period. EWA LLC increased its stake in shares of Seagate Technology by 2.1% in the fourth quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after buying an additional 28 shares during the period. Finally, Icon Wealth Advisors LLC raised its position in shares of Seagate Technology by 2.7% during the fourth quarter. Icon Wealth Advisors LLC now owns 1,060 shares of the data storage provider’s stock worth $292,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STX. JPMorgan Chase & Co. raised their price target on shares of Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. Argus increased their price objective on shares of Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, UBS Group lifted their target price on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $831.79.

Seagate Technology Stock Up 2.2%

STX stock opened at $1,094.04 on Tuesday. The stock’s 50 day simple moving average is $781.00 and its 200 day simple moving average is $510.69. Seagate Technology Holdings PLC has a fifty-two week low of $130.92 and a fifty-two week high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market cap of $245.32 billion, a P/E ratio of 103.80 and a beta of 2.04.

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

Seagate Technology Dividend Announcement

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

Insiders Place Their Bets

In other Seagate Technology news, Director Shankar Arumugavelu sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $927.68, for a total value of $927,680.00. Following the transaction, the director directly owned 6,626 shares in the company, valued at $6,146,807.68. The trade was a 13.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 1,768 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $1,556,175.92. Following the completion of the sale, the chief executive officer directly owned 327,517 shares of the company’s stock, valued at $288,277,188.23. This represents a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 141,069 shares of company stock worth $107,161,712 in the last ninety days. 0.79% of the stock is owned by corporate 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.