LGT Group Foundation Cuts Stock Position in Seagate Technology Holdings PLC $STX

LGT Group Foundation cut its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 43.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,497 shares of the data storage provider’s stock after selling 4,944 shares during the quarter. LGT Group Foundation’s holdings in Seagate Technology were worth $1,669,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. boosted its stake in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares in the last quarter. MTM Investment Management LLC purchased a new position in shares of Seagate Technology during the second quarter worth approximately $29,000. First Horizon Corp purchased a new position in shares of Seagate Technology during the third quarter worth approximately $33,000. Raiffeisen Bank International AG bought a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $33,000. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after purchasing an additional 45 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $384.76, for a total value of $7,695,200.00. Following the completion of the sale, the chief executive officer directly owned 395,897 shares of the company’s stock, valued at $152,325,329.72. The trade was a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 89,051 shares of company stock worth $34,430,409. Insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $374.33 on Tuesday. The firm has a market cap of $81.63 billion, a PE ratio of 42.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company’s fifty day simple moving average is $370.05 and its two-hundred day simple moving average is $286.06.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The firm 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 for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.8%. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

Analysts Set New Price Targets

STX has been the topic of several recent research reports. Morgan Stanley increased their target price on shares of Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. BNP Paribas Exane boosted their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group upped their price target on shares of Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. TD Cowen lifted their price objective on Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $280.00 in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

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.