Seagate Technology Holdings PLC $STX Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. decreased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 36.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,312 shares of the data storage provider’s stock after selling 8,798 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Seagate Technology were worth $4,217,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology during the fourth quarter worth approximately $28,000. First Horizon Corp acquired a new stake 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 third quarter worth $33,000. Finally, Physician Wealth Advisors Inc. increased its stake 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 worth $35,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 4.6%

STX stock opened at $362.43 on Tuesday. The firm has a market cap 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 Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The firm has a fifty day moving average price of $398.12 and a two-hundred day moving average price of $309.38. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm posted $2.03 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

Insider Activity at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director owned 223 shares of the company’s stock, valued at approximately $99,908.46. The trade was a 80.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 113,635 shares of company stock valued at $44,430,443. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on STX. Wells Fargo & Company increased 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. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Friday. China Renaissance upped their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Robert W. Baird lifted their price target on Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Morgan Stanley boosted their price objective on Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $450.58.

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.