Seagate Technology Holdings PLC $STX Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 238,518 shares of the data storage provider’s stock after selling 8,350 shares during the period. Rhumbline Advisers’ holdings in Seagate Technology were worth $56,304,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of STX. Harbor Asset Planning Inc. purchased a new stake in shares of Seagate Technology in the second quarter valued at approximately $27,000. Rakuten Securities Inc. raised its position in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. MTM Investment Management LLC acquired a new stake in Seagate Technology in the second quarter valued at $29,000. First Horizon Corp purchased a new stake in shares of Seagate Technology during the 3rd quarter worth $33,000. Finally, Physician Wealth Advisors Inc. grew its stake in shares of Seagate Technology by 43.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 45 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the sale, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This trade represents a 4.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the sale, the director owned 5,601 shares of the company’s stock, valued at approximately $1,528,568.91. This trade represents a 11.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,955 shares of company stock worth $29,925,749 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on STX shares. BNP Paribas Exane raised their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group increased their target price on shares of Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Benchmark lifted their price target on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Susquehanna upgraded Seagate Technology from a “negative” rating to a “neutral” rating and upped their price target for the stock from $150.00 to $280.00 in a report on Friday, January 16th. Finally, Evercore raised their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Eighteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $444.09.

Seagate Technology Trading Down 1.2%

Shares of STX opened at $425.99 on Friday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The stock has a market cap of $92.90 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62. The firm has a 50 day simple moving average of $335.46 and a 200-day simple moving average of $257.32.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. Seagate Technology’s quarterly 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. Equities analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a $0.74 dividend. 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 payout ratio is presently 33.48%.

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.