Seagate Technology Holdings PLC $STX Shares Sold by Inceptionr LLC

Inceptionr LLC trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 43.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,432 shares of the data storage provider’s stock after selling 4,138 shares during the quarter. Inceptionr LLC’s holdings in Seagate Technology were worth $1,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after purchasing an additional 442,749 shares during the period. State Street Corp grew its holdings in shares of Seagate Technology by 5.0% in the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after purchasing an additional 432,455 shares in the last quarter. WCM Investment Management LLC purchased a new stake in Seagate Technology during the 3rd quarter worth approximately $1,187,621,000. Geode Capital Management LLC increased its stake in Seagate Technology by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock worth $656,066,000 after buying an additional 85,660 shares during the period. Finally, Soroban Capital Partners LP lifted its holdings in Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after buying an additional 1,327,197 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. This represents a 80.57% 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, EVP James Ci Lee sold 673 shares of the 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 owned 257 shares in the company, valued at $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 89,051 shares of company stock valued at $34,430,409 over the last 90 days. Insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $352.80 on Monday. 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 fifty day simple moving average of $368.19 and a 200-day simple moving average of $284.51. The stock has a market cap of $76.94 billion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.83 billion for 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 revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. KeyCorp set a $500.00 price objective on Seagate Technology in a research note on Wednesday, January 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Rosenblatt Securities boosted their target price on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Benchmark increased their price target on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $447.35.

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.