1,821 Shares in Seagate Technology Holdings PLC $STX Bought by Aventura Private Wealth LLC

Aventura Private Wealth LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,821 shares of the data storage provider’s stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors have also made changes to their positions in STX. WCM Investment Management LLC bought a new position in Seagate Technology during the 3rd quarter valued at about $1,187,621,000. Arrowstreet Capital Limited Partnership lifted its stake in Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the last quarter. Norges Bank purchased a new position in shares of Seagate Technology during the second quarter valued at approximately $197,027,000. Soroban Capital Partners LP boosted its position in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after buying an additional 1,327,197 shares during the period. Finally, Trivest Advisors Ltd bought a new position in shares of Seagate Technology during the third quarter valued at approximately $170,435,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Down 5.4%

STX stock opened at $411.23 on Friday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84. The business’s 50-day moving average is $389.35 and its 200 day moving average is $299.02. 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 stock has a market cap of $89.68 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 0.97 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on STX shares. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. KeyCorp set a $500.00 price objective on shares of Seagate Technology in a report on Wednesday, January 28th. China Renaissance boosted their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. The Goldman Sachs Group upped their target price on shares of Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Barclays raised their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the transaction, the chief executive officer directly owned 429,895 shares in the company, valued at $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 89,051 shares of company stock valued at $34,430,409. Company insiders own 0.79% of the company’s stock.

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.