Western Financial Corp CA Decreases Holdings in Seagate Technology Holdings PLC $STX

Western Financial Corp CA lowered its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 22.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,528 shares of the data storage provider’s stock after selling 1,640 shares during the period. Western Financial Corp CA’s holdings in Seagate Technology were worth $1,522,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in STX. Buffalo Business & Estate Services Ltd. purchased a new position in Seagate Technology in the 4th quarter worth $279,000. SeaTown Holdings Pte. Ltd. bought a new position in shares of Seagate Technology during the fourth quarter valued at about $8,950,000. Ascent Group LLC increased its holdings in shares of Seagate Technology by 3.5% in the fourth quarter. Ascent Group LLC now owns 7,785 shares of the data storage provider’s stock worth $2,144,000 after buying an additional 262 shares during the period. Savvy Advisors Inc. lifted its stake in shares of Seagate Technology by 3.4% in the 4th quarter. Savvy Advisors Inc. now owns 1,341 shares of the data storage provider’s stock valued at $369,000 after acquiring an additional 44 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in Seagate Technology by 34.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,646 shares of the data storage provider’s stock worth $1,555,000 after acquiring an additional 1,440 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on STX shares. Benchmark boosted their price objective on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Rosenblatt Securities increased their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $150.00 to $280.00 in a research report on Friday, January 16th. Zacks Research downgraded shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Mizuho increased their target price on shares of Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $461.00.

Insider Transactions at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 113,635 shares of company stock worth $47,133,843. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $429.36 on Monday. The company has a 50-day simple moving average of $404.33 and a two-hundred day simple moving average of $315.31. 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 firm has a market capitalization of $93.63 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.61. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84.

Seagate Technology (NASDAQ:STX) last announced its 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. 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 analyst estimates of $2.73 billion. During the same quarter in the prior year, the company earned $2.03 EPS. The business’s revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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 issued a dividend of $0.74 per share. 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 (DPR) is presently 33.48%.

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.