CTC Alternative Strategies Ltd. Buys Shares of 2,700 Seagate Technology Holdings PLC $STX

CTC Alternative Strategies Ltd. purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,700 shares of the data storage provider’s stock, valued at approximately $637,000. Seagate Technology comprises approximately 0.8% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 25th biggest holding.

Several other institutional investors have also modified their holdings of the business. West Family Investments Inc. increased its stake in Seagate Technology by 2.7% during the 3rd quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock worth $337,000 after purchasing an additional 37 shares in the last quarter. United Community Bank lifted its stake in Seagate Technology by 35.2% in the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after buying an additional 44 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Seagate Technology by 43.7% in the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after buying an additional 45 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Seagate Technology by 2.6% in the third quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after buying an additional 47 shares during the period. Finally, Magnus Financial Group LLC raised its holdings in shares of Seagate Technology by 2.9% during the third quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock worth $414,000 after acquiring an additional 49 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction that occurred 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 owned 3,092 shares of the company’s stock, valued at $1,367,560.68. The trade was a 86.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on 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 sale, 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 89,051 shares of company stock valued at $34,430,409 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the topic of several research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Seagate Technology in a research report on Wednesday, February 4th. China Renaissance increased their target price on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Argus boosted their price target on Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, January 29th. UBS Group upped their price objective on Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Rosenblatt Securities increased their price objective on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $447.35.

Seagate Technology Price Performance

NASDAQ:STX opened at $406.77 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The firm has a fifty day simple moving average of $384.20 and a 200 day simple moving average of $296.36. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The stock has a market capitalization of $88.70 billion, a PE ratio of 46.01, a P/E/G ratio of 0.94 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, 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 dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

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.