Range Financial Group LLC Trims Stake in Seagate Technology Holdings PLC $STX

Range Financial Group LLC cut its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 86.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,501 shares of the data storage provider’s stock after selling 28,272 shares during the quarter. Range Financial Group LLC’s holdings in Seagate Technology were worth $1,240,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Rakuten Securities Inc. grew its holdings in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $28,000. First Horizon Corp bought a new stake in shares of Seagate Technology during the third quarter valued at approximately $33,000. Raiffeisen Bank International AG bought a new stake in shares of Seagate Technology during the third quarter valued at approximately $33,000. Finally, Physician Wealth Advisors Inc. grew its stake in Seagate Technology by 43.7% in the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 45 shares during the period. 92.87% of the stock is owned by institutional investors.

Seagate Technology Stock Down 4.6%

Shares of NASDAQ:STX opened at $362.43 on Tuesday. 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 stock has a fifty day simple moving average of $398.12 and a two-hundred day simple moving average of $309.38. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84. The stock has a market capitalization of $79.04 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 0.85 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last released its earnings results 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. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm posted $2.03 earnings per share. The company’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, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale is available in the SEC filing. Insiders sold 113,635 shares of company stock worth $44,430,443 in the last 90 days. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

STX has been the subject of a number of research reports. TD Cowen increased 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. Morgan Stanley boosted 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. Argus upped their target price on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Loop Capital increased their price target on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, China Renaissance lifted their price target on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $450.58.

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.