Counterpoint Mutual Funds LLC Boosts Holdings in Seagate Technology Holdings PLC $STX

Counterpoint Mutual Funds LLC lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 309.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,295 shares of the data storage provider’s stock after acquiring an additional 9,291 shares during the period. Seagate Technology accounts for about 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 19th largest position. Counterpoint Mutual Funds LLC’s holdings in Seagate Technology were worth $2,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Rakuten Securities Inc. boosted 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 purchasing an additional 168 shares during the last quarter. MTM Investment Management LLC acquired a new stake in shares of Seagate Technology during the 2nd quarter worth $29,000. First Horizon Corp purchased a new position in shares of Seagate Technology in the 3rd quarter worth $33,000. Raiffeisen Bank International AG acquired a new position in Seagate Technology in the third quarter valued at $33,000. Finally, Physician Wealth Advisors Inc. grew its position in Seagate Technology by 43.7% during the third 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. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This trade represents a 86.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were 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 in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,801 shares of company stock worth $32,360,491 over the last ninety days. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ:STX opened at $407.40 on Tuesday. The firm has a 50-day moving average of $350.36 and a two-hundred day moving average of $269.95. 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 $88.84 billion, a P/E ratio of 46.09, a PEG ratio of 0.92 and a beta of 1.62. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84.

Seagate Technology (NASDAQ:STX) last issued its quarterly 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 firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the business posted $2.03 earnings per share. Seagate Technology’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, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on STX shares. Susquehanna upgraded Seagate Technology from a “negative” rating to a “neutral” rating and raised their price objective for the stock from $150.00 to $280.00 in a report on Friday, January 16th. Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Cantor Fitzgerald lifted their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Benchmark increased their price objective on shares of Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Evercore raised their target price on shares of Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. One equities research 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $447.35.

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.