Seagate Technology Holdings PLC $STX Stock: Knights of Columbus Asset Advisors LLC Boosts Holdings

Knights of Columbus Asset Advisors LLC increased its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 413.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,756 shares of the data storage provider’s stock after acquiring an additional 2,219 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Seagate Technology were worth $2,542,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Csenge Advisory Group boosted its position in shares of Seagate Technology by 6.8% in the third quarter. Csenge Advisory Group now owns 2,015 shares of the data storage provider’s stock valued at $1,858,000 after acquiring an additional 128 shares during the period. 71 West Capital Partners raised its position in shares of Seagate Technology by 3.7% in the third quarter. 71 West Capital Partners now owns 1,699 shares of the data storage provider’s stock valued at $1,567,000 after buying an additional 60 shares in the last quarter. United Capital Management of KS Inc. boosted its stake in shares of Seagate Technology by 3.2% in the third quarter. United Capital Management of KS Inc. now owns 13,390 shares of the data storage provider’s stock valued at $12,350,000 after buying an additional 420 shares during the period. Pinion Investment Advisors LLC grew its position in Seagate Technology by 39.8% during the third quarter. Pinion Investment Advisors LLC now owns 1,039 shares of the data storage provider’s stock worth $958,000 after buying an additional 296 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its position in Seagate Technology by 697.5% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 28,903 shares of the data storage provider’s stock worth $26,658,000 after buying an additional 25,279 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent analyst reports. Summit Insights cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 28th. Argus raised their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Robert W. Baird set a $1,350.00 target price on shares of Seagate Technology in a research report on Wednesday, October 28th. Finally, Barclays raised their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Twenty-three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,000.88.

Seagate Technology Stock Up 10.0%

STX stock opened at $551.72 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.82 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $126.65 billion, a PE ratio of 28.98 and a beta of 2.16. The stock’s 50 day moving average is $751.28 and its 200-day moving average is $696.43. Seagate Technology Holdings PLC has a twelve month low of $228.61 and a twelve month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company earned $2.61 EPS. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. Sell-side analysts expect that Seagate Technology Holdings PLC will post 37.96 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be paid a dividend of $0.76 per share. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 23rd. Seagate Technology’s dividend payout ratio is presently 15.55%.

Trending Headlines about Seagate Technology

These are some of the STX headlines that stood out recently:

• Positive Sentiment: Morgan Stanley sees substantial recovery potential. The bullish view points to Seagate’s strong sales growth despite a steep recent share-price pullback, suggesting the selloff may have outpaced concerns about the business outlook. This is an analyst thesis, not a guarantee of a rebound. Morgan Stanley sees rebound potential
• Positive Sentiment: New FireCuda Forge drive expands Seagate’s product lineup. The drive uses the Alkemi platform to combine SSD-like responsiveness with HDD capacity, targeting gamers and creators who need high-capacity storage. The launch could help Seagate address demand for performance-oriented storage, though its effect on revenue is not yet clear. Seagate launches FireCuda Forge
• Neutral Sentiment: Durability of the AI-driven rebound remains uncertain. Recent gains follow a difficult stretch for storage stocks, and coverage notes that the outlook depends partly on how AI buildouts are financed and whether spending continues. Storage stocks and the revived AI trade

Insider Buying and Selling at Seagate Technology

In other news, EVP James Lee sold 547 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $642.14, for a total value of $351,250.58. Following the transaction, the executive vice president owned 1,037 shares of the company’s stock, valued at approximately $665,899.18. This represents a 34.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the transaction, the executive vice president directly owned 5,810 shares in the company, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 439,747 shares of company stock worth $349,271,735 in the last ninety days. Insiders own 0.51% of the company’s stock.

Seagate Technology Profile

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.