Sherman Porfolios LLC Takes $1.12 Million Position in Seagate Technology Holdings PLC $STX

Sherman Porfolios LLC acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,756 shares of the data storage provider’s stock, valued at approximately $1,123,000. Seagate Technology makes up 0.4% of Sherman Porfolios LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in STX. Vanguard Group Inc. boosted its stake in shares of Seagate Technology by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock worth $6,642,796,000 after purchasing an additional 442,749 shares during the last quarter. State Street Corp lifted its stake in shares of Seagate Technology by 3.1% during the third quarter. State Street Corp now owns 9,276,278 shares of the data storage provider’s stock valued at $2,196,420,000 after buying an additional 274,913 shares during the period. WCM Investment Management LLC acquired a new stake in Seagate Technology during the third quarter worth approximately $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its position in Seagate Technology by 1,072.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after acquiring an additional 2,697,957 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Seagate Technology by 17.4% in the 3rd quarter. Northern Trust Corp now owns 1,920,329 shares of the data storage provider’s stock worth $453,313,000 after acquiring an additional 284,758 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the transaction, the director owned 223 shares in the company, valued at $99,908.46. The trade was a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,051 shares of company stock valued at $34,430,409 over the last quarter. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on STX. Mizuho increased their price target on Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Morgan Stanley increased their target price on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Cantor Fitzgerald raised their price target on Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. TD Cowen upped their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Rosenblatt Securities increased their price objective on shares of 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 assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $447.35.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $406.77 on Thursday. The stock has a market capitalization of $88.70 billion, a P/E ratio of 46.01, a PEG ratio of 0.94 and a beta of 1.61. 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 business’s fifty day moving average price is $384.20 and its 200 day moving average price is $296.36. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84.

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

Seagate Technology Announces Dividend

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 is Wednesday, March 25th. This represents a $2.96 annualized dividend 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.