Baader Bank Aktiengesellschaft Takes Position in Seagate Technology Holdings PLC $STX

Baader Bank Aktiengesellschaft purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,491 shares of the data storage provider’s stock, valued at approximately $1,296,000.

A number of other hedge funds also recently bought and sold shares of STX. Harbor Asset Planning Inc. acquired a new position in shares of Seagate Technology during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. lifted its holdings in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Seagate Technology in the second quarter valued at about $29,000. First Horizon Corp purchased a new stake in shares of Seagate Technology during the third quarter worth about $33,000. Finally, Physician Wealth Advisors Inc. raised its position in shares of Seagate Technology by 43.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on STX shares. Wells Fargo & Company boosted their price objective 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. Wedbush increased their price objective on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Loop Capital lifted their target price on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday. Cantor Fitzgerald increased their target price on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, BNP Paribas Exane boosted their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $444.09.

Seagate Technology Stock Performance

Shares of STX opened at $407.25 on Thursday. The stock has a market capitalization of $88.81 billion, a P/E ratio of 46.07, a P/E/G ratio of 0.89 and a beta of 1.62. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.41. The company’s fifty day moving average is $329.20 and its two-hundred day moving average is $254.17.

Seagate Technology (NASDAQ:STX) last issued its 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. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Insider Activity

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the transaction, the executive vice president directly owned 257 shares in the company, valued at approximately $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 83,955 shares of company stock valued at $29,925,749 over the last three months. 0.79% of the stock is currently owned by corporate insiders.

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.