Aquatic Capital Management LLC Has $43.30 Million Stock Holdings in Seagate Technology Holdings PLC $STX

Aquatic Capital Management LLC increased its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 247.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,447 shares of the data storage provider’s stock after buying an additional 130,606 shares during the quarter. Seagate Technology accounts for about 0.8% of Aquatic Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Aquatic Capital Management LLC’s holdings in Seagate Technology were worth $43,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of STX. National Pension Service lifted its holdings in shares of Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock valued at $59,044,000 after acquiring an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Seagate Technology during the 3rd quarter worth about $1,864,000. Keystone Investors PTE Ltd. increased its position in shares of Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after purchasing an additional 18,000 shares in the last quarter. Estate Counselors LLC bought a new position in Seagate Technology during the 3rd quarter valued at about $2,557,000. Finally, Vision Financial Markets LLC boosted its position in Seagate Technology by 341.7% in the third quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock valued at $1,251,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Trading Up 2.6%

STX stock opened at $383.71 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The company has a market cap of $83.68 billion, a P/E ratio of 43.41, a PEG ratio of 0.85 and a beta of 1.61. The business has a fifty day moving average of $378.24 and a 200-day moving average of $291.33.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (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 company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company posted $2.03 EPS. The company’s revenue 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. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed 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. 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 dividend payout ratio is currently 33.48%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,367,560.68. This trade represents 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 the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $99,908.46. This represents a 80.57% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 89,051 shares of company stock valued at $34,430,409. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on STX shares. Mizuho raised their price objective on shares of Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Barclays boosted their target price on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. KeyCorp set a $500.00 price target on Seagate Technology in a report on Wednesday, January 28th. Evercore lifted their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Finally, Morgan Stanley boosted their price objective on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $447.35.

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.