HighTower Advisors LLC Sells 3,156 Shares of Seagate Technology Holdings PLC $STX

HighTower Advisors LLC reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,916 shares of the data storage provider’s stock after selling 3,156 shares during the quarter. HighTower Advisors LLC’s holdings in Seagate Technology were worth $17,448,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. United Community Bank grew its position in shares of Seagate Technology by 35.2% in the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after purchasing an additional 44 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Sivia Capital Partners LLC grew its holdings in Seagate Technology by 2.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after buying an additional 47 shares in the last quarter. Magnus Financial Group LLC grew its holdings in Seagate Technology by 2.9% in the 3rd quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock valued at $414,000 after buying an additional 49 shares in the last quarter. Finally, Lee Johnson Capital Management LLC increased its position in Seagate Technology by 0.9% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock worth $1,309,000 after buying an additional 50 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer directly owned 429,895 shares in the company, valued at $122,760,816.20. This represents a 4.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology 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 transaction, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,955 shares of company stock worth $29,925,749 in the last three months. Insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

STX stock opened at $408.97 on Friday. The company’s 50-day moving average price is $345.46 and its two-hundred day moving average price is $264.70. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The firm has a market cap of $89.18 billion, a P/E ratio of 46.26, a P/E/G ratio of 0.95 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last posted its quarterly 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 net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the business posted $2.03 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm 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 dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. Seagate Technology’s payout ratio is 33.48%.

Analyst Ratings Changes

STX has been the subject of a number of recent research reports. Mizuho boosted their target price on shares of Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a research report on Tuesday. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and lifted their price objective for the stock from $150.00 to $280.00 in a research note on Friday, January 16th. Evercore increased their target price on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Finally, Rosenblatt Securities lifted 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. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $447.35.

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.