Apis Capital Advisors LLC Acquires 60,300 Shares of Seagate Technology Holdings PLC $STX

Apis Capital Advisors LLC increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 111.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,300 shares of the data storage provider’s stock after purchasing an additional 60,300 shares during the period. Seagate Technology accounts for 6.0% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Apis Capital Advisors LLC owned about 0.05% of Seagate Technology worth $26,982,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. National Pension Service raised its stake in Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after purchasing an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Seagate Technology in the 3rd quarter valued at $1,864,000. Keystone Investors PTE Ltd. grew its stake in shares of Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after buying an additional 18,000 shares during the period. Estate Counselors LLC purchased a new stake in shares of Seagate Technology during the 3rd quarter valued at $2,557,000. Finally, Vision Financial Markets LLC increased its holdings in shares of Seagate Technology by 341.7% during the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock worth $1,251,000 after buying an additional 4,100 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president owned 257 shares in the company, valued at $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,051 shares of company stock worth $34,430,409 in the last ninety days. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

STX has been the topic of several research reports. Mizuho increased their target price on Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Loop Capital boosted their price target on Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, February 9th. BNP Paribas Exane upped their price target on Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Finally, KeyCorp set a $500.00 price objective on Seagate Technology in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Stock Up 2.6%

Shares of Seagate Technology stock opened at $383.71 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The stock has a market cap of $83.68 billion, a price-to-earnings ratio of 43.41, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The company has a fifty day moving average price of $378.24 and a 200 day moving average price of $291.33.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating 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 analyst estimates of $2.73 billion. During the same period last year, the company posted $2.03 earnings per share. The firm’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 research analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.8%. Seagate Technology’s payout ratio 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.