TSA Wealth Managment LLC Acquires Shares of 1,263 Seagate Technology Holdings PLC $STX

TSA Wealth Managment LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,263 shares of the data storage provider’s stock, valued at approximately $298,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WCM Investment Management LLC acquired a new position in shares of Seagate Technology during the third quarter valued at about $1,187,621,000. Norges Bank purchased a new stake in shares of Seagate Technology in the second quarter worth approximately $197,027,000. Boston Partners bought a new position in shares of Seagate Technology in the second quarter valued at approximately $193,500,000. Soroban Capital Partners LP boosted its position in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after buying an additional 1,327,197 shares during the last quarter. Finally, Trivest Advisors Ltd bought a new stake in Seagate Technology during the third quarter worth $170,435,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Up 0.5%

NASDAQ:STX opened at $411.11 on Friday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The firm’s 50 day moving average is $347.93 and its 200 day moving average is $267.28. The stock has a market capitalization of $89.65 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

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, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company earned $2.03 earnings per share. Seagate Technology’s revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm 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 dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s dividend payout ratio is 33.48%.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $285.56, for a total value of $5,711,200.00. Following the completion of the transaction, the chief executive officer owned 429,895 shares in the company, valued at $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 83,955 shares of company stock valued at $29,925,749. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STX has been the topic of a number of analyst reports. Argus lifted their price objective on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Rosenblatt Securities boosted their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Evercore increased their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Wells Fargo & Company boosted their target price on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Finally, Barclays upped their target price on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

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.