Aberdeen Group plc Has $41.18 Million Holdings in Seagate Technology Holdings PLC $STX

Aberdeen Group plc grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 178,701 shares of the data storage provider’s stock after purchasing an additional 12,037 shares during the quarter. Aberdeen Group plc owned about 0.08% of Seagate Technology worth $41,182,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. First Horizon Corp bought a new position in Seagate Technology during the third quarter worth $33,000. Physician Wealth Advisors Inc. boosted its position in Seagate Technology by 43.7% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. United Community Bank grew its holdings in Seagate Technology by 35.2% during the 3rd quarter. United Community Bank now owns 169 shares of the data storage provider’s stock worth $40,000 after acquiring an additional 44 shares during the period. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Finally, MTM Investment Management LLC bought a new position in shares of Seagate Technology in the 2nd quarter worth about $29,000. 92.87% of the stock is owned by institutional investors.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $425.99 on Tuesday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The business has a 50 day moving average price of $338.27 and a 200-day moving average price of $260.72. The company has a market cap of $92.90 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.73 billion. During the same quarter in the prior year, the company posted $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. Equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given 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 is presently 33.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Rosenblatt Securities upped their target price on Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Morgan Stanley boosted their price target on Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Cantor Fitzgerald raised their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, KeyCorp set a $500.00 target price on shares of Seagate Technology in a research note on Wednesday, January 28th. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $444.09.

Insider Transactions at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the business’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 value of $204,682.50. Following the transaction, the director owned 5,601 shares in the company, valued at $1,528,568.91. The trade was a 11.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the 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 $99,908.46. The trade was a 80.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 83,955 shares of company stock worth $29,925,749. Company insiders own 0.79% of the company’s stock.

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.