Natixis Advisors LLC Purchases 70,176 Shares of Seagate Technology Holdings PLC $STX

Natixis Advisors LLC raised its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 109.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 134,483 shares of the data storage provider’s stock after acquiring an additional 70,176 shares during the period. Natixis Advisors LLC’s holdings in Seagate Technology were worth $31,746,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position 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 purchasing an additional 168 shares during the period. MTM Investment Management LLC acquired a new stake in Seagate Technology in the 2nd quarter valued at $29,000. First Horizon Corp bought a new stake in Seagate Technology during the 3rd quarter valued at $33,000. Raiffeisen Bank International AG bought a new stake in Seagate Technology during the 3rd quarter valued at $33,000. Finally, Physician Wealth Advisors Inc. raised its holdings in Seagate Technology by 43.7% during 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. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $384.29 on Wednesday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The firm has a 50-day moving average of $372.13 and a 200-day moving average of $287.65. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The company has a market cap of $83.80 billion, a P/E ratio of 43.47, a P/E/G ratio of 0.83 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company earned $2.03 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STX. Citigroup raised their price objective on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Cantor Fitzgerald upped their target price on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Morgan Stanley raised their price target on shares of Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Benchmark lifted their price target on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, Rosenblatt Securities boosted their price objective on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,051 shares of company stock valued at $34,430,409 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

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.