Park National Corp OH Sells 579 Shares of Seagate Technology Holdings PLC $STX

Park National Corp OH reduced its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 49.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583 shares of the data storage provider’s stock after selling 579 shares during the quarter. Park National Corp OH’s holdings in Seagate Technology were worth $228,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Gateway Investment Advisers LLC raised its position in Seagate Technology by 1.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after purchasing an additional 25 shares during the last quarter. Trajan Wealth LLC grew its holdings in shares of Seagate Technology by 1.9% during the fourth quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock worth $365,000 after purchasing an additional 25 shares during the last quarter. Fortis Capital Management LLC increased its stake in shares of Seagate Technology by 1.1% in the fourth quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock valued at $704,000 after buying an additional 27 shares in the last quarter. EWA LLC increased its stake in shares of Seagate Technology by 2.1% in the fourth quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after buying an additional 28 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 2.7% in the fourth quarter. Icon Wealth Advisors LLC now owns 1,060 shares of the data storage provider’s stock valued at $292,000 after buying an additional 28 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Shankar Arumugavelu sold 1,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $927.68, for a total value of $927,680.00. Following the transaction, the director owned 6,626 shares of the company’s stock, valued at $6,146,807.68. This represents a 13.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gianluca Romano sold 903 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $794,811.57. Following the completion of the transaction, the chief financial officer owned 42,860 shares in the company, valued at $37,724,943.40. This represents a 2.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 141,069 shares of company stock worth $107,161,712. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $1,094.04 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 1-year low of $130.92 and a 1-year high of $1,145.00. The stock has a market capitalization of $245.32 billion, a P/E ratio of 103.80 and a beta of 2.04. The business has a 50-day moving average price of $781.00 and a two-hundred day moving average price of $510.69.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the firm earned $1.90 EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STX shares. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Wedbush boosted their target price on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Evercore upped their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Mizuho increased their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Finally, The Goldman Sachs Group raised their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $831.79.

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.