Quotient Wealth Partners LLC Takes Position in Seagate Technology Holdings PLC $STX

Quotient Wealth Partners LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 745 shares of the data storage provider’s stock, valued at approximately $292,000.

Other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its position in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of Seagate Technology by 884.2% during 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 during the period. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $28,000. Avion Wealth lifted its stake in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in Seagate Technology during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 2.2%

Seagate Technology stock opened at $1,094.04 on Tuesday. Seagate Technology Holdings PLC has a fifty-two week low of $130.92 and a fifty-two week high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market capitalization of $245.32 billion, a P/E ratio of 103.80 and a beta of 2.04. The stock has a 50-day simple moving average of $781.00 and a 200-day simple moving average of $510.69.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 28.08%.

Analysts Set New Price Targets

STX has been the topic of a number of analyst reports. Evercore raised their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Wells Fargo & Company raised their price target on Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Bank of America upped their price objective on Seagate Technology from $900.00 to $1,000.00 in a research report on Monday, June 8th. JPMorgan Chase & Co. raised their target price on Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Finally, China Renaissance upped their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $831.79.

Insider Transactions at Seagate Technology

In related news, CFO Gianluca Romano sold 903 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the sale, the chief financial officer owned 42,860 shares in the company, valued at $37,724,943.40. This represents a 2.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 1,768 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,556,175.92. Following the transaction, the chief executive officer directly owned 327,517 shares in the company, valued at $288,277,188.23. The trade was a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 141,069 shares of company stock worth $107,161,712 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Seagate Technology Company 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.