TrueWealth Advisors LLC Decreases Position in Seagate Technology Holdings PLC $STX

TrueWealth Advisors LLC lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 39.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,007 shares of the data storage provider’s stock after selling 1,995 shares during the period. TrueWealth Advisors LLC’s holdings in Seagate Technology were worth $828,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in Seagate Technology by 168.0% in the 1st 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 stake in Seagate Technology during the 2nd quarter valued at $262,000. Kingsview Wealth Management LLC bought a new stake in shares of Seagate Technology in the 2nd quarter worth $278,000. Rockefeller Capital Management L.P. raised its stake in shares of Seagate Technology by 8.8% in the second quarter. Rockefeller Capital Management L.P. now owns 21,254 shares of the data storage provider’s stock worth $3,068,000 after purchasing an additional 1,714 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of Seagate Technology in the second quarter worth $222,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $384.76, for a total transaction of $7,695,200.00. Following the completion of the transaction, the chief executive officer owned 395,897 shares in the company, valued at $152,325,329.72. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 89,051 shares of company stock valued at $34,430,409 in the last quarter. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $411.23 on Friday. The firm has a market capitalization of $89.68 billion, a P/E ratio of 46.52, a PEG ratio of 0.97 and a beta of 1.61. 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 Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The business has a fifty day moving average of $389.35 and a 200 day moving average of $299.02.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.Seagate Technology’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, sell-side analysts anticipate 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. Investors of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is 33.48%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STX. Robert W. Baird increased their price objective on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and boosted their target price for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. Benchmark upped their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Citigroup raised their price target on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, UBS Group lifted their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $447.35.

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.