Affinity Investment Advisors LLC Has $4.07 Million Stock Position in Seagate Technology Holdings PLC $STX

Affinity Investment Advisors LLC lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,258 shares of the data storage provider’s stock after purchasing an additional 1,306 shares during the period. Seagate Technology comprises about 2.8% of Affinity Investment Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Affinity Investment Advisors LLC’s holdings in Seagate Technology were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. WCM Investment Management LLC purchased a new stake in Seagate Technology in the 3rd quarter valued at about $1,187,621,000. Norges Bank bought a new stake in shares of Seagate Technology during the second quarter valued at approximately $197,027,000. Boston Partners purchased a new stake in shares of Seagate Technology in the second quarter valued at approximately $193,500,000. Soroban Capital Partners LP grew its stake in Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. Finally, Trivest Advisors Ltd bought a new position in Seagate Technology in the third quarter worth approximately $170,435,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their target price on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Fox Advisors raised their price target on Seagate Technology from $245.00 to $270.00 in a research note on Wednesday, October 29th. Bank of America upped their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group increased their target price on shares of Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Barclays boosted their price target on shares of Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $447.35.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.27, for a total transaction of $8,585,400.00. Following the sale, the chief executive officer owned 410,056 shares in the company, valued at approximately $176,024,739.12. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Ci Lee sold 673 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the sale, the executive vice president owned 257 shares in the company, valued at $89,654.45. The trade was a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 89,801 shares of company stock valued at $32,360,491. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Down 2.8%

Shares of Seagate Technology stock opened at $396.02 on Wednesday. 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 company has a market cap of $86.36 billion, a P/E ratio of 44.80, a PEG ratio of 0.91 and a beta of 1.62. The firm’s 50 day moving average price is $352.52 and its 200-day moving average price is $271.68. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $459.84.

Seagate Technology (NASDAQ:STX) last announced 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. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm earned $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. On average, sell-side 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. Shareholders 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 yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

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.