1,554 Shares in Seagate Technology Holdings PLC $STX Acquired by Compound Planning Inc.

Compound Planning Inc. acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,554 shares of the data storage provider’s stock, valued at approximately $367,000.

Other hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its holdings in Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after acquiring an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Seagate Technology in the second quarter worth about $262,000. Envestnet Asset Management Inc. raised its position in shares of Seagate Technology by 36.7% in the second quarter. Envestnet Asset Management Inc. now owns 161,131 shares of the data storage provider’s stock valued at $23,256,000 after purchasing an additional 43,224 shares during the period. Bessemer Group Inc. lifted its stake in shares of Seagate Technology by 3.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock valued at $361,000 after buying an additional 81 shares in the last quarter. Finally, World Investment Advisors boosted its holdings in Seagate Technology by 3.8% in the 2nd quarter. World Investment Advisors now owns 4,609 shares of the data storage provider’s stock worth $665,000 after buying an additional 168 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STX. Citigroup boosted their target price on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a report on Friday, February 6th. Mizuho boosted their price objective on Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and increased their price objective for the stock from $150.00 to $280.00 in a report on Friday, January 16th. Wedbush lifted their target price on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, TD Cowen upped their price target on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $447.35.

Insider Activity

In related news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president directly owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This represents a 86.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 69,801 shares of company stock valued at $26,939,891. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ STX opened at $407.84 on Monday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $459.84. The company has a fifty day moving average of $359.99 and a 200-day moving average of $277.14. The company has a market capitalization of $88.94 billion, a P/E ratio of 46.14, a P/E/G ratio of 0.91 and a beta of 1.61. 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 (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 936.38% and a net margin of 19.59%.The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the business posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, 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. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

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.