Seagate Technology Holdings PLC $STX Stock Position Raised by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 55.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,321 shares of the data storage provider’s stock after purchasing an additional 18,000 shares during the quarter. Seagate Technology makes up approximately 1.4% of Keystone Investors PTE Ltd.’s holdings, making the stock its 20th largest position. Keystone Investors PTE Ltd.’s holdings in Seagate Technology were worth $11,879,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new stake in shares of Seagate Technology in the 3rd quarter worth about $1,187,621,000. Norges Bank bought a new position in Seagate Technology in the 2nd quarter worth about $197,027,000. Boston Partners acquired a new stake in shares of Seagate Technology in the second quarter valued at approximately $193,500,000. Soroban Capital Partners LP raised its holdings 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 buying an additional 1,327,197 shares during the last quarter. Finally, Trivest Advisors Ltd acquired a new position in shares of Seagate Technology during the third quarter worth approximately $170,435,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Price Performance

STX stock opened at $407.84 on Friday. The firm has a 50-day moving average of $359.99 and a two-hundred day moving average of $275.46. The firm has a market capitalization of $88.94 billion, a PE ratio of 46.14, a P/E/G ratio of 0.92 and a beta of 1.62. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results 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 business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The firm’s quarterly 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. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on STX shares. China Renaissance increased their price target on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Cantor Fitzgerald raised their target price on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Evercore upped their price target on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Wells Fargo & Company raised their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane lifted their price target on Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Insider Buying and Selling at Seagate Technology

In related news, EVP Ban Seng Teh sold 20,195 shares of the company’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 transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $285.56, for a total value of $5,711,200.00. Following the completion of the transaction, the chief executive officer owned 429,895 shares in the company, valued at $122,760,816.20. This represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 89,801 shares of company stock valued at $32,360,491 in the last ninety days. Company insiders own 0.79% of the company’s stock.

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.