Seagate Technology Holdings PLC $STX Shares Bought by Affinity Wealth Management LLC

Affinity Wealth Management LLC grew its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 429.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,237 shares of the data storage provider’s stock after purchasing an additional 23,710 shares during the period. Seagate Technology makes up about 1.0% of Affinity Wealth Management LLC’s holdings, making the stock its 23rd largest position. Affinity Wealth Management LLC’s holdings in Seagate Technology were worth $6,902,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in 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 buying an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology during the 2nd quarter valued at approximately $262,000. Blair William & Co. IL boosted its stake in shares of Seagate Technology by 33.5% during the 2nd quarter. Blair William & Co. IL now owns 3,786 shares of the data storage provider’s stock worth $546,000 after acquiring an additional 951 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $208,000. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Seagate Technology by 30.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,764 shares of the data storage provider’s stock worth $543,000 after acquiring an additional 870 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction that occurred on 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 directly owned 223 shares of the company’s stock, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the transaction, the director directly owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,955 shares of company stock worth $29,925,749 over the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on STX shares. Wells Fargo & Company lifted their price objective on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a research report on Wednesday, February 4th. Wedbush lifted their price target on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Evercore boosted their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, Cantor Fitzgerald increased their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $444.09.

Seagate Technology Stock Down 1.2%

Shares of NASDAQ STX opened at $425.99 on Friday. The firm has a market cap of $92.90 billion, a P/E ratio of 48.19, a price-to-earnings-growth ratio of 0.96 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 $459.84. The firm’s 50 day moving average price is $335.46 and its 200 day moving average price is $257.32.

Seagate Technology (NASDAQ:STX) last issued 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 negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the firm posted $2.03 EPS. Seagate Technology’s revenue 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, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

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

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.