Keel Point LLC Makes New $301,000 Investment in Seagate Technology Holdings PLC $STX

Keel Point LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,275 shares of the data storage provider’s stock, valued at approximately $301,000.

Other institutional investors also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new position in shares of Seagate Technology during the 3rd quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock valued at $696,262,000 after purchasing an additional 2,697,957 shares during the period. Norges Bank purchased a new stake in Seagate Technology during the second quarter worth about $197,027,000. Soroban Capital Partners LP boosted its holdings in Seagate Technology by 1,468.1% during the second 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. Finally, Trivest Advisors Ltd acquired a new position in Seagate Technology during the third quarter worth about $170,435,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Down 5.4%

STX stock opened at $411.23 on Friday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The company’s 50 day simple moving average is $389.35 and its 200-day simple moving average is $299.02. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The firm has a market capitalization of $89.68 billion, a PE ratio of 46.52, a P/E/G ratio of 0.97 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data 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 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%.The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 EPS. 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 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.74 dividend. 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 payout ratio is 33.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on STX shares. Citigroup lifted their price target on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, February 6th. The Goldman Sachs Group upped their price target on Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. BNP Paribas Exane raised their price objective on Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Finally, Loop Capital boosted their target price on Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. 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’s stock. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

Insiders Place Their Bets

In related news, EVP James Ci Lee sold 673 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 89,051 shares of company stock valued at $34,430,409. Insiders own 0.79% of the company’s stock.

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.