14,018 Shares in Seagate Technology Holdings PLC $STX Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,018 shares of the data storage provider’s stock, valued at approximately $3,309,000.

A number of other institutional investors also recently bought and sold shares of the business. Rakuten Securities Inc. increased its holdings in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. First Horizon Corp acquired a new position in Seagate Technology in the third quarter valued at approximately $33,000. Raiffeisen Bank International AG acquired a new position in Seagate Technology in the third quarter valued at approximately $33,000. Physician Wealth Advisors Inc. increased its stake in Seagate Technology by 43.7% in the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in Seagate Technology during the third quarter worth approximately $37,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STX has been the subject of several research analyst reports. Rosenblatt Securities upped their target price on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. UBS Group boosted their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and upped their price objective for the company from $150.00 to $280.00 in a research note on Friday, January 16th. Barclays lifted their target price on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Finally, Mizuho boosted their target price on Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $447.35.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. This represents a 72.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $384.76, for a total transaction of $7,695,200.00. Following the completion of the sale, the chief executive officer directly owned 395,897 shares in the company, valued at approximately $152,325,329.72. The trade was a 4.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 89,051 shares of company stock valued at $34,430,409. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 5.4%

Shares of NASDAQ:STX opened at $411.23 on Friday. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market cap of $89.68 billion, a P/E ratio of 46.52, a P/E/G ratio of 0.91 and a beta of 1.61. The firm has a fifty day moving average price of $389.35 and a 200 day moving average price of $299.92.

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. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company earned $2.03 earnings per share. The business’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. Sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently announced 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. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. 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.