O Shaughnessy Asset Management LLC Boosts Stock Holdings in Seagate Technology Holdings PLC $STX

O Shaughnessy Asset Management LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 21.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 106,872 shares of the data storage provider’s stock after acquiring an additional 18,745 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Seagate Technology were worth $29,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Manchester Capital Management LLC increased its stake in shares of Seagate Technology by 43.2% in the fourth quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock worth $78,000 after purchasing an additional 86 shares in the last quarter. ING Groep NV purchased a new position in shares of Seagate Technology in the fourth quarter worth about $3,999,000. Valtrion Capital Management LLC purchased a new position in shares of Seagate Technology in the fourth quarter worth about $250,000. Havemeyer Place LP purchased a new position in shares of Seagate Technology in the fourth quarter worth about $187,000. Finally, 111 Capital purchased a new position in Seagate Technology during the fourth quarter valued at approximately $489,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total value of $22,538,700.00. Following the transaction, the chief executive officer owned 339,591 shares in the company, valued at approximately $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the completion of the transaction, the executive vice president owned 3,691 shares in the company, valued at $3,016,580.48. The trade was a 68.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 155,187 shares of company stock worth $108,267,701 over the last ninety days. 0.79% of the stock is owned by insiders.

Seagate Technology Trading Up 3.5%

Shares of STX opened at $876.77 on Tuesday. The firm has a market cap of $196.60 billion, a price-to-earnings ratio of 83.19 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology Holdings PLC has a fifty-two week low of $124.63 and a fifty-two week high of $966.80. The firm has a 50 day moving average price of $671.46 and a 200-day moving average price of $459.98.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the prior year, the company posted $1.90 EPS. The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s payout ratio is presently 28.08%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wedbush boosted their price objective on shares of Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Loop Capital boosted their price objective on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Sanford C. Bernstein boosted their price objective on shares of Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, TD Cowen boosted their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $788.29.

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.