Pinkerton Wealth LLC Purchases Shares of 14,588 Seagate Technology Holdings PLC $STX

Pinkerton Wealth LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,588 shares of the data storage provider’s stock, valued at approximately $3,444,000.

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. increased its holdings in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. MTM Investment Management LLC purchased a new stake in shares of Seagate Technology in the second quarter worth about $29,000. First Horizon Corp bought a new position in Seagate Technology during the third quarter valued at approximately $33,000. Raiffeisen Bank International AG purchased a new position in Seagate Technology during the 3rd quarter valued at approximately $33,000. Finally, Physician Wealth Advisors Inc. grew its holdings in Seagate Technology by 43.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the sale, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $384.76, for a total transaction of $7,695,200.00. Following the transaction, the chief executive officer directly owned 395,897 shares of the company’s stock, valued at approximately $152,325,329.72. This represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 89,051 shares of company stock valued at $34,430,409. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley lifted their price objective on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. Rosenblatt Securities raised their target price on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Mizuho raised 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. The Goldman Sachs Group boosted their price target 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, UBS Group upped their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Trading Up 6.1%

Shares of STX stock opened at $374.33 on Tuesday. The company has a market cap of $81.63 billion, a PE ratio of 42.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The stock’s 50 day simple moving average is $370.05 and its two-hundred day simple moving average is $286.06. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the business earned $2.03 EPS. The company’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders 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 dividend on an annualized basis and a yield of 0.8%. Seagate Technology’s payout ratio is 33.48%.

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.