Prospera Financial Services Inc Reduces Stake in Seagate Technology Holdings PLC $STX

Prospera Financial Services Inc lowered its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 70.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,996 shares of the data storage provider’s stock after selling 7,176 shares during the quarter. Prospera Financial Services Inc’s holdings in Seagate Technology were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of STX. Integrated Wealth Concepts LLC grew its stake in Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Seagate Technology during the 2nd quarter valued at $262,000. CWM LLC increased its holdings in shares of Seagate Technology by 153.6% in the second quarter. CWM LLC now owns 9,360 shares of the data storage provider’s stock worth $1,351,000 after purchasing an additional 5,669 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Seagate Technology by 21.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after purchasing an additional 10,847 shares during the period. Finally, MGO One Seven LLC purchased a new stake in shares of Seagate Technology in the second quarter worth $349,000. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Benchmark boosted their target price on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Mizuho boosted their price objective on Seagate Technology from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Fox Advisors raised their target price on shares of Seagate Technology from $245.00 to $270.00 in a research note on Wednesday, October 29th. BNP Paribas Exane lifted their target price on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Robert W. Baird increased their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $444.09.

Insider Buying and Selling

In other news, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the sale, the director owned 223 shares of the company’s stock, valued at approximately $99,908.46. This represents a 80.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.27, for a total transaction of $8,585,400.00. Following the completion of the transaction, the chief executive officer owned 410,056 shares in the company, valued at $176,024,739.12. This represents a 4.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 83,955 shares of company stock worth $29,925,749 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Down 1.2%

Shares of NASDAQ STX opened at $425.99 on Monday. The stock has a market capitalization of $92.90 billion, a P/E ratio of 48.19, a PEG ratio of 0.95 and a beta of 1.62. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The firm’s 50 day simple moving average is $335.46 and its two-hundred day simple moving average is $258.83. 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 announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business posted $2.03 EPS. The business’s quarterly 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. As a group, analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s payout ratio is currently 33.48%.

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.