Transatlantique Private Wealth LLC Trims Holdings in Seagate Technology Holdings PLC $STX

Transatlantique Private Wealth LLC decreased its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 13.5% in the third quarter, HoldingsChannel reports. The firm owned 9,791 shares of the data storage provider’s stock after selling 1,531 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Seagate Technology were worth $2,311,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Equitable Trust Co. bought a new position in shares of Seagate Technology during the third quarter valued at approximately $3,032,000. Intelligence Driven Advisers LLC bought a new position in Seagate Technology in the 3rd quarter worth $223,000. Kovitz Investment Group Partners LLC lifted its position in shares of Seagate Technology by 26.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 153,437 shares of the data storage provider’s stock worth $36,267,000 after purchasing an additional 32,508 shares during the period. Alteri Wealth LLC boosted its stake in shares of Seagate Technology by 4.1% during the 3rd quarter. Alteri Wealth LLC now owns 2,436 shares of the data storage provider’s stock valued at $575,000 after purchasing an additional 96 shares in the last quarter. Finally, TSA Wealth Managment LLC bought a new stake in shares of Seagate Technology during the 3rd quarter valued at about $298,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Trading Up 0.5%

Seagate Technology stock opened at $411.11 on Monday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The company has a market capitalization of $89.65 billion, a price-to-earnings ratio of 46.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The business’s fifty day simple moving average is $347.93 and its two-hundred day simple moving average is $268.13. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) 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 analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.Seagate Technology’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts predict 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 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is currently 33.48%.

Insider Activity

In related news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total transaction of $204,682.50. Following the completion of the sale, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the transaction, the executive vice president owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 83,955 shares of company stock valued at $29,925,749. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. China Renaissance raised their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Citigroup raised their target price on Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Sanford C. Bernstein upped their price target on Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Cantor Fitzgerald increased their price objective on Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Mizuho boosted their target price on shares of Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.