Seagate Technology Holdings PLC $STX Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 1,072.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,949,512 shares of the data storage provider’s stock after buying an additional 2,697,957 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.38% of Seagate Technology worth $696,262,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of STX. First Horizon Corp acquired a new position in shares of Seagate Technology in the third quarter valued at approximately $33,000. Raiffeisen Bank International AG purchased a new stake in Seagate Technology during the 3rd quarter worth approximately $33,000. Physician Wealth Advisors Inc. lifted its holdings in Seagate Technology by 43.7% during 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 in the last quarter. United Community Bank boosted its position in Seagate Technology by 35.2% in the 3rd quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after buying an additional 44 shares during the period. Finally, Rakuten Securities Inc. grew its stake in shares of Seagate Technology by 884.2% in the second 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. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and upped their price objective for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. Wells Fargo & Company boosted their target price on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $373.98 on Friday. The stock’s 50-day simple moving average is $376.32 and its 200-day simple moving average is $288.93. The firm has a market capitalization of $81.55 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61. 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.

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, beating analysts’ consensus estimates of $2.77 by $0.34. The firm had revenue of $2.83 billion during 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 firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company 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 forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Transactions at Seagate Technology

In related news, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the sale, the director directly owned 223 shares in the company, valued at $99,908.46. This trade represents a 80.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 89,051 shares of company stock worth $34,430,409. 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.