Trajan Wealth LLC Buys New Shares in Seagate Technology Holdings PLC $STX

Trajan Wealth LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,300 shares of the data storage provider’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STX. Verus Capital Partners LLC grew its stake in shares of Seagate Technology by 16.3% in the 3rd quarter. Verus Capital Partners LLC now owns 3,389 shares of the data storage provider’s stock valued at $800,000 after buying an additional 475 shares during the period. Equitable Trust Co. acquired a new stake in Seagate Technology in the third quarter valued at approximately $3,032,000. Intelligence Driven Advisers LLC acquired a new stake in Seagate Technology in the third quarter valued at approximately $223,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Seagate Technology by 26.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 153,437 shares of the data storage provider’s stock valued at $36,267,000 after acquiring an additional 32,508 shares in the last quarter. Finally, Alteri Wealth LLC lifted its holdings in shares of Seagate Technology by 4.1% in the 3rd quarter. Alteri Wealth LLC now owns 2,436 shares of the data storage provider’s stock worth $575,000 after purchasing an additional 96 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Insider Transactions 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 stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the sale, the executive vice president owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director owned 223 shares in the company, valued at approximately $99,908.46. This represents a 80.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 89,801 shares of company stock valued at $32,360,491. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $407.40 on Tuesday. The business’s fifty day simple moving average is $350.36 and its 200 day simple moving average is $269.95. 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 Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The firm has a market capitalization of $88.84 billion, a P/E ratio of 46.09, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last posted its quarterly 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 net margin of 19.59% and a negative return on equity of 936.38%. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The firm’s revenue for the quarter 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 anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. 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 dividend payout ratio is currently 33.48%.

Analysts Set New Price Targets

STX has been the subject of a number of recent research reports. Argus boosted their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. UBS Group boosted their target price on shares of Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. Finally, Morgan Stanley increased their price objective on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

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.