O Neil Global Advisors Inc. Sells 14,965 Shares of Seagate Technology Holdings PLC $STX

O Neil Global Advisors Inc. lowered its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 78.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,003 shares of the data storage provider’s stock after selling 14,965 shares during the quarter. O Neil Global Advisors Inc.’s holdings in Seagate Technology were worth $945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock worth $6,642,796,000 after buying an additional 442,749 shares in the last quarter. State Street Corp boosted its position in Seagate Technology by 5.0% during the 2nd quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after acquiring an additional 432,455 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of Seagate Technology in the 3rd quarter valued at $1,187,621,000. Geode Capital Management LLC raised its position in shares of Seagate Technology by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock worth $656,066,000 after acquiring an additional 85,660 shares in the last quarter. Finally, Soroban Capital Partners LP lifted its stake in shares of Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after purchasing an additional 1,327,197 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the sale, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. This represents a 80.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares of the company’s stock, valued at approximately $89,654.45. This represents a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 83,955 shares of company stock valued at $29,925,749. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Evercore lifted their target price on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. UBS Group upped their price target on Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Cantor Fitzgerald increased their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. One investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $447.35.

Seagate Technology Stock Up 0.5%

Shares of STX stock opened at $411.11 on Monday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The stock has a market cap of $89.65 billion, a P/E ratio of 46.51, a P/E/G ratio of 0.92 and a beta of 1.62. The stock has a 50 day moving average of $347.93 and a 200 day moving average of $268.13. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s payout ratio 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.