Keystone Investors PTE Ltd. Acquires 18,000 Shares of Seagate Technology Holdings PLC $STX

Keystone Investors PTE Ltd. increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 55.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,321 shares of the data storage provider’s stock after purchasing an additional 18,000 shares during the period. Seagate Technology makes up 1.4% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 20th biggest holding. Keystone Investors PTE Ltd.’s holdings in Seagate Technology were worth $11,879,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new position in shares of Seagate Technology during the 3rd quarter valued at about $1,187,621,000. Norges Bank bought a new position in shares of Seagate Technology in the second quarter valued at approximately $197,027,000. Boston Partners acquired a new stake in shares of Seagate Technology in the second quarter worth $193,500,000. Soroban Capital Partners LP grew its stake in Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after buying an additional 1,327,197 shares during the last quarter. Finally, Trivest Advisors Ltd bought a new position in Seagate Technology in the 3rd quarter worth $170,435,000. 92.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the transaction, the executive vice president directly owned 257 shares of the company’s stock, valued at $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, the director directly owned 223 shares of the company’s stock, valued at approximately $99,908.46. The trade was a 80.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,801 shares of company stock valued at $32,360,491 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Seagate Technology Trading Down 0.4%

Shares of NASDAQ STX opened at $407.84 on Friday. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The company has a 50-day moving average of $359.99 and a two-hundred day moving average of $275.46. The company has a market cap of $88.94 billion, a PE ratio of 46.14, a P/E/G ratio of 0.92 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data 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. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced 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. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s payout ratio is currently 33.48%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Argus upped their price target on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. The Goldman Sachs Group increased their price target 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. Finally, Morgan Stanley boosted their price objective on shares of Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.