American National Bank & Trust Increases Stake in Seagate Technology Holdings PLC $STX

American National Bank & Trust raised its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 1,113.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,420 shares of the data storage provider’s stock after purchasing an additional 1,303 shares during the quarter. American National Bank & Trust’s holdings in Seagate Technology were worth $391,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of STX. Integrated Wealth Concepts LLC lifted its holdings 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 period. Sivia Capital Partners LLC purchased a new stake in shares of Seagate Technology in the second quarter worth $262,000. M&T Bank Corp raised its position in shares of Seagate Technology by 2.3% during the 2nd quarter. M&T Bank Corp now owns 12,474 shares of the data storage provider’s stock valued at $1,801,000 after purchasing an additional 281 shares during the period. Quantbot Technologies LP purchased a new position in shares of Seagate Technology during the 2nd quarter valued at $530,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Seagate Technology during the 2nd quarter valued at $36,307,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of Seagate Technology 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 directly owned 257 shares of the company’s stock, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the sale, the director owned 223 shares of the company’s stock, valued at $99,908.46. This trade represents a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 113,635 shares of company stock valued at $47,133,843 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Seagate Technology Price Performance

Shares of STX opened at $429.36 on Friday. 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 capitalization of $93.63 billion, a price-to-earnings ratio of 48.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.61. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The business’s 50 day simple moving average is $404.33 and its 200-day simple moving average is $314.60.

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. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts expect 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 $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STX shares. Benchmark increased their price target on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Robert W. Baird lifted their target price on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. The Goldman Sachs Group upped their price target on Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. began coverage on shares of Seagate Technology in a research report on Monday, March 30th. They set an “overweight” rating and a $525.00 price objective on the stock. Finally, Wedbush upped their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Nineteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $461.00.

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.