DGS Capital Management LLC Buys 702 Shares of Seagate Technology Holdings PLC $STX

DGS Capital Management LLC increased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 52.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,052 shares of the data storage provider’s stock after buying an additional 702 shares during the quarter. DGS Capital Management LLC’s holdings in Seagate Technology were worth $804,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in STX. Arrowstreet Capital Limited Partnership boosted its stake in Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after buying an additional 1,883,769 shares during the period. Norges Bank purchased a new stake in shares of Seagate Technology in the fourth quarter worth about $498,363,000. Soroban Capital Partners LP lifted its holdings in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after buying an additional 1,327,197 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after acquiring an additional 807,962 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 5.9%

Shares of NASDAQ STX opened at $868.26 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The business has a 50-day moving average of $858.93 and a 200-day moving average of $556.28. The firm has a market capitalization of $194.69 billion, a price-to-earnings ratio of 82.38 and a beta of 2.04. Seagate Technology Holdings PLC has a 12 month low of $138.30 and a 12 month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the firm posted $1.90 earnings per share. Seagate Technology’s quarterly 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. Sell-side analysts expect that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wedbush boosted their price objective on shares of Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Mizuho raised their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Loop Capital boosted their price target on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. boosted their price target on shares of Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Finally, The Goldman Sachs Group upped their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $880.52.

Key Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Bank of America raised its price target on Seagate Technology (STX) to $1,150 and kept a Buy rating, reinforcing bullish sentiment around the stock. Is Seagate (STX) the Best Pick and Shovel AI Stock to Invest In?
• Positive Sentiment: Melius Research initiated coverage of Seagate Technology with a Buy rating and a $1,600 price target, adding another bullish catalyst for the shares. Melius Research Initiates Coverage of Seagate Technology (STX)
• Positive Sentiment: Analysts and market commentators say memory and storage stocks are rebounding on improving pricing trends and sustained AI demand, which is lifting Seagate along with peers. Memory stocks rebound as analysts flag a buying opportunity
• Positive Sentiment: Seagate was highlighted as a top growth pick for July and as a beneficiary of demand for integrated technology solutions, supporting the stock’s upside narrative. 4 Stocks to Buy From a Prospering Technology Solutions Industry
• Neutral Sentiment: Seagate continues to receive broadly favorable broker sentiment, with consensus ratings pointing to a “Moderate Buy.” Seagate Technology Holdings PLC Receives Consensus Recommendation of “Moderate Buy”
• Neutral Sentiment: The company’s strong quarterly results and raised guidance remain a supportive backdrop, but they are already well known to investors and are mostly serving to reinforce the bullish setup. Seagate Technology earnings report

Insider Activity at Seagate Technology

In other news, EVP Ban Seng Teh sold 989 shares of Seagate Technology stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $870,507.91. Following the completion of the sale, the executive vice president directly owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the transaction, the chief financial officer owned 42,860 shares of the company’s stock, valued at $37,724,943.40. This trade represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 151,069 shares of company stock worth $126,191,753. Corporate insiders own 0.79% of the company’s stock.

About Seagate Technology

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.