Legacy Financial Advisors Inc. Invests $342,000 in Seagate Technology Holdings PLC $STX

Legacy Financial Advisors Inc. acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,448 shares of the data storage provider’s stock, valued at approximately $342,000.

Several other large investors have also recently added to or reduced their stakes in STX. Integrated Wealth Concepts LLC boosted its holdings in shares of Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after purchasing an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $262,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Seagate Technology during the 2nd quarter worth about $368,000. Leavell Investment Management Inc. acquired a new stake in Seagate Technology during the 2nd quarter worth approximately $277,000. Finally, Envestnet Asset Management Inc. increased its position in Seagate Technology by 36.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 161,131 shares of the data storage provider’s stock worth $23,256,000 after purchasing an additional 43,224 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Performance

Shares of STX stock opened at $396.02 on Wednesday. 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 fifty day moving average price is $352.52 and its two-hundred day moving average price is $271.68. The firm has a market capitalization of $86.36 billion, a P/E ratio of 44.80, a P/E/G ratio of 0.91 and a beta of 1.62. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month 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 for the quarter, beating 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 company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm earned $2.03 earnings per share. The company’s 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. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders 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 yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

Insider Activity at Seagate Technology

In related news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the sale, the executive vice president directly 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 legal filing with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.27, for a total transaction of $8,585,400.00. Following the transaction, the chief executive officer owned 410,056 shares in the company, valued at $176,024,739.12. This trade represents a 4.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 89,801 shares of company stock worth $32,360,491 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on STX shares. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company lifted their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Mizuho upped their price target on shares of Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and raised their price objective for the company from $150.00 to $280.00 in a research report on Friday, January 16th. Finally, The Goldman Sachs Group boosted their price objective on Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

About Seagate Technology

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.