Korea Investment CORP Buys 31,064 Shares of Seagate Technology Holdings PLC $STX

Korea Investment CORP grew its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 22.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,137 shares of the data storage provider’s stock after acquiring an additional 31,064 shares during the period. Korea Investment CORP owned 0.08% of Seagate Technology worth $40,399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. lifted its holdings in Seagate Technology by 64.7% during the 3rd quarter. Ameriflex Group Inc. now owns 196 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 77 shares during the last quarter. First Trust Advisors LP grew its holdings in Seagate Technology by 8.7% in the 3rd quarter. First Trust Advisors LP now owns 450,783 shares of the data storage provider’s stock valued at $106,412,000 after buying an additional 36,075 shares in the last quarter. Neo Ivy Capital Management bought a new position in Seagate Technology during the 3rd quarter worth $602,000. Left Brain Wealth Management LLC acquired a new stake in shares of Seagate Technology during the third quarter worth $732,000. Finally, Pitcairn Co. acquired a new stake in shares of Seagate Technology during the third quarter worth $2,011,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insiders Place Their Bets

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 257 shares in the company, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director owned 223 shares of the company’s stock, valued at $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 sold a total of 89,051 shares of company stock valued at $34,430,409 over the last three months. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Up 6.1%

Shares of NASDAQ STX opened at $374.33 on Tuesday. The stock has a market capitalization of $81.63 billion, a P/E ratio of 42.35, a PEG ratio of 0.78 and a beta of 1.61. The stock’s fifty day moving average is $370.05 and its 200 day moving average is $286.06. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $459.84. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

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. 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 during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the business posted $2.03 earnings per share. Seagate Technology’s revenue 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. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

Wall Street Analysts Forecast Growth

STX has been the topic of several research reports. Benchmark upped their price target on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Loop Capital lifted their price objective on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a report 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 stock a “buy” rating in a research report on Wednesday, January 28th. Finally, TD Cowen raised their target price on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $447.35.

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.