Cooper Financial Group Reduces Stock Holdings in Seagate Technology Holdings PLC $STX

Cooper Financial Group reduced its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 33.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,980 shares of the data storage provider’s stock after selling 1,488 shares during the quarter. Cooper Financial Group’s holdings in Seagate Technology were worth $821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Seagate Technology during the 2nd quarter worth $262,000. Kingsview Wealth Management LLC purchased a new stake in Seagate Technology in the 2nd quarter worth about $278,000. Rockefeller Capital Management L.P. raised its stake in Seagate Technology by 8.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 21,254 shares of the data storage provider’s stock valued at $3,068,000 after acquiring an additional 1,714 shares during the period. Finally, Prudential PLC bought a new stake in Seagate Technology in the 2nd quarter valued at about $755,000. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on STX shares. Argus increased their target price on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Mizuho upped their price target on shares of Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Benchmark raised their price objective on shares of Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Morgan Stanley lifted their price objective on shares of Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $447.35.

Seagate Technology Stock Down 5.4%

STX stock opened at $411.23 on Monday. The stock has a 50-day simple moving average of $389.35 and a two-hundred day simple moving average of $300.79. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The firm has a market capitalization of $89.68 billion, a PE ratio of 46.52, a PEG ratio of 0.91 and a beta of 1.61. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63.

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, topping 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 firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm posted $2.03 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company 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. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s dividend payout ratio is currently 33.48%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 89,051 shares of company stock worth $34,430,409. 0.79% of the stock is owned by corporate insiders.

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.