Waterloo Capital L.P. Has $5.32 Million Stock Holdings in Seagate Technology Holdings PLC $STX

Waterloo Capital L.P. decreased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.9% during the 3rd quarter, Holdings Channel reports. The fund owned 22,546 shares of the data storage provider’s stock after selling 1,937 shares during the quarter. Waterloo Capital L.P.’s holdings in Seagate Technology were worth $5,322,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in shares of 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 worth $610,000 after purchasing an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Seagate Technology in the 2nd quarter valued at $262,000. Ameritas Advisory Services LLC acquired a new stake in Seagate Technology during the 2nd quarter worth $76,000. Wealthcare Advisory Partners LLC lifted its holdings in Seagate Technology by 4.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 5,545 shares of the data storage provider’s stock worth $800,000 after acquiring an additional 229 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in Seagate Technology in the second quarter valued at about $365,000. Institutional investors own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.27, for a total value of $8,585,400.00. Following the completion of the transaction, the chief executive officer owned 410,056 shares of the company’s stock, valued at $176,024,739.12. This trade represents a 4.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total value of $8,932,046.55. Following the transaction, the executive vice president owned 3,092 shares of the company’s stock, valued at $1,367,560.68. The trade was a 86.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 137,976 shares of company stock valued at $45,330,378. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. China Renaissance raised their price target on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Benchmark raised their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Wedbush upped their price target on shares of Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Wells Fargo & Company raised their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Finally, Fox Advisors boosted their price objective on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $430.61.

Seagate Technology Stock Performance

Shares of STX stock opened at $405.45 on Friday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.41. The company’s fifty day simple moving average is $317.49 and its 200-day simple moving average is $246.12. The firm has a market cap of $88.42 billion, a PE ratio of 45.87, a P/E/G ratio of 0.94 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) 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 firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business earned $2.03 EPS. The company’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. Equities research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared 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. 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%.

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.