Perpetual Ltd Lowers Holdings in Seagate Technology Holdings PLC $STX

Perpetual Ltd trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 17.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,656 shares of the data storage provider’s stock after selling 1,231 shares during the quarter. Perpetual Ltd’s holdings in Seagate Technology were worth $1,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sovereign Financial Group Inc. lifted its holdings in shares of Seagate Technology by 3.2% in the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock worth $293,000 after buying an additional 33 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in Seagate Technology by 0.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock valued at $1,500,000 after acquiring an additional 33 shares during the last quarter. West Family Investments Inc. lifted its stake in Seagate Technology by 2.7% in the 3rd quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock worth $337,000 after purchasing an additional 37 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in Seagate Technology by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider’s stock worth $537,000 after purchasing an additional 37 shares in the last quarter. Finally, United Community Bank boosted its holdings in shares of Seagate Technology by 35.2% during the 3rd quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ:STX opened at $429.36 on Friday. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The stock’s fifty day moving average is $404.33 and its 200 day moving average is $314.60. The firm has a market capitalization of $93.63 billion, a PE ratio of 48.57, a PEG ratio of 0.95 and a beta of 1.61. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed 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. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

Insiders Place Their Bets

In related news, EVP Kian Fatt Chong sold 5,846 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James Ci Lee sold 673 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the transaction, the executive vice president owned 257 shares of the company’s stock, valued at approximately $89,654.45. The trade was a 72.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 113,635 shares of company stock valued at $47,133,843 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STX. JPMorgan Chase & Co. initiated coverage on Seagate Technology in a research report on Monday, March 30th. They issued an “overweight” rating and a $525.00 target price on the stock. Evercore boosted their price target on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Argus increased their price objective on shares of Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Finally, Bank of America boosted their target price on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.