Mackenzie Financial Corp Acquires 27,844 Shares of Seagate Technology Holdings PLC $STX

Mackenzie Financial Corp boosted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 16.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 194,676 shares of the data storage provider’s stock after buying an additional 27,844 shares during the quarter. Mackenzie Financial Corp’s holdings in Seagate Technology were worth $45,955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in Seagate Technology by 1.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,588 shares of the data storage provider’s stock worth $2,263,000 after buying an additional 116 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Seagate Technology by 87.4% during the third quarter. Bank of Montreal Can now owns 319,622 shares of the data storage provider’s stock worth $75,450,000 after acquiring an additional 149,052 shares during the last quarter. Legal & General Group Plc lifted its stake in Seagate Technology by 6.0% in the 3rd quarter. Legal & General Group Plc now owns 1,535,675 shares of the data storage provider’s stock worth $362,511,000 after purchasing an additional 87,056 shares in the last quarter. Pinkerton Wealth LLC bought a new position in Seagate Technology during the third quarter valued at approximately $3,444,000. Finally, Banque Cantonale Vaudoise increased its position in Seagate Technology by 37.8% in the third quarter. Banque Cantonale Vaudoise now owns 32,125 shares of the data storage provider’s stock worth $7,583,000 after purchasing an additional 8,817 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Down 3.1%

Shares of NASDAQ:STX opened at $373.98 on Friday. The stock has a market cap of $81.55 billion, a P/E ratio of 42.31, a P/E/G ratio of 0.86 and a beta of 1.61. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The firm has a fifty day moving average price of $376.32 and a 200 day moving average price of $288.93. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share 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 company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the business posted $2.03 earnings per share. Seagate Technology’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. Sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current 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 paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STX. Barclays increased their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Morgan Stanley lifted their target price on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. 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. Finally, Mizuho raised their target price on Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $447.35.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 20,195 shares of the 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 $1,367,560.68. This represents a 86.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. The trade was a 4.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 89,051 shares of company stock worth $34,430,409 over the last 90 days. Company 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.