Truefg LLC Purchases Shares of 1,376 Seagate Technology Holdings PLC $STX

Truefg LLC acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,376 shares of the data storage provider’s stock, valued at approximately $325,000.

Several other institutional investors have also made changes to their positions in STX. Integrated Wealth Concepts LLC increased its stake in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new stake in Seagate Technology during the second quarter valued at approximately $262,000. US Bancorp DE grew its stake in shares of Seagate Technology by 8.8% in the 2nd quarter. US Bancorp DE now owns 22,988 shares of the data storage provider’s stock valued at $3,318,000 after purchasing an additional 1,850 shares during the period. Blair William & Co. IL raised its holdings in shares of Seagate Technology by 33.5% in the 2nd quarter. Blair William & Co. IL now owns 3,786 shares of the data storage provider’s stock worth $546,000 after buying an additional 951 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in shares of Seagate Technology during the 2nd quarter worth approximately $208,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.27, for a total value of $8,585,400.00. Following the transaction, the chief executive officer owned 410,056 shares in the company, valued at $176,024,739.12. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total value of $8,932,046.55. Following the sale, the executive vice president directly owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This represents a 86.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 137,976 shares of company stock worth $45,330,378. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the topic of a number of analyst reports. Barclays upped their price target on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. KeyCorp set a $500.00 target price on shares of Seagate Technology in a research note on Wednesday, January 28th. Argus increased 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. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Wells Fargo & Company upped their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $441.70.

Seagate Technology Stock Down 1.0%

Shares of NASDAQ:STX opened at $425.00 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The firm has a market cap of $92.68 billion, a P/E ratio of 48.08, a P/E/G ratio of 0.96 and a beta of 1.62. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.41. The company’s 50-day moving average price is $323.64 and its two-hundred day moving average price is $251.37.

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

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s dividend payout ratio is currently 33.48%.

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.