Seagate Technology Holdings PLC $STX Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,581 shares of the data storage provider’s stock after buying an additional 3,121 shares during the quarter. Wealthfront Advisers LLC’s holdings in Seagate Technology were worth $9,816,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of STX. Profund Advisors LLC raised its position in shares of Seagate Technology by 11.8% during the 3rd quarter. Profund Advisors LLC now owns 3,631 shares of the data storage provider’s stock valued at $857,000 after acquiring an additional 384 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Seagate Technology by 0.3% during the third quarter. Oppenheimer & Co. Inc. now owns 21,870 shares of the data storage provider’s stock valued at $5,163,000 after purchasing an additional 75 shares during the last quarter. Fielder Capital Group LLC acquired a new stake in shares of Seagate Technology during the third quarter worth $280,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Seagate Technology during the third quarter worth $2,071,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Seagate Technology by 46.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,378 shares of the data storage provider’s stock worth $545,000 after buying an additional 753 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Activity

In other news, EVP James Ci Lee sold 673 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the sale, the executive vice president owned 257 shares of the company’s stock, valued at approximately $89,654.45. The trade was a 72.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.27, for a total value of $8,585,400.00. Following the transaction, the chief executive officer directly owned 410,056 shares of the company’s stock, valued at $176,024,739.12. This represents a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,955 shares of company stock valued at $29,925,749 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 2.8%

NASDAQ:STX opened at $407.25 on Thursday. The stock has a market cap of $88.81 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 0.89 and a beta of 1.62. 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 Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.41. The business has a fifty day moving average of $329.20 and a 200-day moving average of $254.17.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion for 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%. The company’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business earned $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 year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

Analysts Set New Price Targets

STX has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Barclays lifted their target price on 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 report on Friday, February 6th. Benchmark raised their price target on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Evercore upped their price objective on Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $444.09.

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.