Balboa Wealth Partners Makes New $370,000 Investment in Seagate Technology Holdings PLC $STX

Balboa Wealth Partners bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,568 shares of the data storage provider’s stock, valued at approximately $370,000.

Several other large investors also recently modified their holdings of the stock. Harbor Asset Planning Inc. purchased a new position in Seagate Technology in the second quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its position in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. MTM Investment Management LLC bought a new position in shares of Seagate Technology during the 2nd quarter worth $29,000. First Horizon Corp purchased a new stake in Seagate Technology in the 3rd quarter worth about $33,000. Finally, Physician Wealth Advisors Inc. raised its stake in Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’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 completion of the sale, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This trade represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 83,955 shares of company stock valued at $29,925,749. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Performance

Seagate Technology stock opened at $425.99 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. 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 has a market cap of $92.90 billion, a P/E ratio of 48.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.62. The firm’s fifty day moving average price is $335.46 and its 200-day moving average price is $258.05.

Seagate Technology (NASDAQ:STX) last released 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 negative return on equity of 936.38% and a net margin of 19.59%.The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. The firm’s revenue 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 research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share 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 of this dividend 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%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STX shares. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $150.00 to $280.00 in a research note on Friday, January 16th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Cantor Fitzgerald boosted their target price on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Wedbush boosted their price objective on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $444.09.

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.