1,436 Shares in Seagate Technology Holdings PLC $STX Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,436 shares of the data storage provider’s stock, valued at approximately $368,000.

Other large investors have also made changes to their positions in the company. United Community Bank lifted its holdings in Seagate Technology by 35.2% during the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after purchasing an additional 44 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after buying an additional 45 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Seagate Technology by 2.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock worth $440,000 after buying an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its position in shares of Seagate Technology by 2.9% in the third quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock valued at $414,000 after acquiring an additional 49 shares in the last quarter. Finally, Lee Johnson Capital Management LLC boosted its stake in shares of Seagate Technology by 0.9% in the third quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock worth $1,309,000 after acquiring an additional 50 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STX has been the topic of several recent research reports. BNP Paribas Exane lifted their target price on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. UBS Group raised their target price on shares of Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Wells Fargo & Company increased their price target on Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. China Renaissance upped their target price on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Finally, KeyCorp set a $500.00 price target on Seagate Technology in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Trading Up 0.5%

Shares of STX stock opened at $411.11 on Friday. The stock has a market capitalization of $89.65 billion, a P/E ratio of 46.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company has a 50 day moving average price of $347.93 and a 200 day moving average price of $267.28.

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, 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 company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the business earned $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. Equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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 issued 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 33.48%.

Insider Buying and Selling

In other news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the transaction, the director owned 5,601 shares in the company, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ban Seng Teh sold 20,195 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were 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 owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders 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 insiders.

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.