Focus Partners Wealth Has $45.85 Million Holdings in Seagate Technology Holdings PLC $STX

Focus Partners Wealth increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 1,923.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 194,204 shares of the data storage provider’s stock after acquiring an additional 184,608 shares during the quarter. Focus Partners Wealth’s holdings in Seagate Technology were worth $45,845,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $29,000. First Horizon Corp acquired a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $33,000. Raiffeisen Bank International AG bought a new position in Seagate Technology in the third quarter valued at approximately $33,000. Finally, Physician Wealth Advisors Inc. increased its stake in Seagate Technology by 43.7% in the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on STX shares. Citigroup upped their target price on Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Evercore lifted their price target on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Mizuho boosted their price target on Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. BNP Paribas Exane upped their price objective on Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Barclays raised their price objective on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. One equities research 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 stock. According to data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

Seagate Technology Stock Up 3.9%

Shares of NASDAQ:STX opened at $398.78 on Tuesday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $459.84. The company has a market capitalization of $86.96 billion, a PE ratio of 45.11, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company has a fifty day moving average of $380.42 and a 200-day moving average of $293.80.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS 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. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Insider Activity at Seagate Technology

In other news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were 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. This trade represents a 86.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 89,051 shares of company stock valued at $34,430,409. Corporate insiders own 0.79% of the company’s stock.

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.