Savvy Advisors Inc. Invests $306,000 in Seagate Technology Holdings PLC $STX

Savvy Advisors Inc. bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,297 shares of the data storage provider’s stock, valued at approximately $306,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STX. WCM Investment Management LLC purchased a new position in Seagate Technology during the third quarter valued at $1,187,621,000. Norges Bank bought a new stake in Seagate Technology during the second quarter worth about $197,027,000. Boston Partners purchased a new stake in Seagate Technology in the second quarter worth about $193,500,000. Soroban Capital Partners LP increased its stake in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its holdings in shares of Seagate Technology by 85.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,131,752 shares of the data storage provider’s stock valued at $163,346,000 after purchasing an additional 520,846 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the sale, the executive vice president directly owned 257 shares of the company’s stock, valued at $89,654.45. This trade represents a 72.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. This trade represents a 86.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 83,955 shares of company stock worth $29,925,749 over the last ninety days. 0.79% of the stock is owned by company insiders.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $425.99 on Tuesday. The company has a market capitalization of $92.90 billion, a P/E ratio of 48.19, a P/E/G ratio of 0.95 and a beta of 1.62. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The firm’s 50 day simple moving average is $338.27 and its two-hundred day simple moving average is $260.72. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm earned $2.03 EPS. The company’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on STX. Rosenblatt Securities upped their price target on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Bank of America increased their target price on Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Wedbush lifted their price target on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Argus increased their price objective on shares of Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, China Renaissance raised their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $444.09.

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.