Banque Cantonale Vaudoise Has $7.58 Million Stake in Seagate Technology Holdings PLC $STX

Banque Cantonale Vaudoise lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 37.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,125 shares of the data storage provider’s stock after purchasing an additional 8,817 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Seagate Technology were worth $7,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in STX. Pinpoint Asset Management Singapore Pte. Ltd. increased its stake in Seagate Technology by 0.7% in the 3rd quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 35,614 shares of the data storage provider’s stock valued at $8,425,000 after buying an additional 260 shares during the period. Private Advisor Group LLC boosted its stake in shares of Seagate Technology by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 17,636 shares of the data storage provider’s stock valued at $4,163,000 after buying an additional 807 shares during the period. PFG Advisors purchased a new position in shares of Seagate Technology during the 3rd quarter valued at $282,000. Diversify Advisory Services LLC grew its holdings in shares of Seagate Technology by 4.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 5,837 shares of the data storage provider’s stock valued at $1,378,000 after acquiring an additional 237 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Seagate Technology in the third quarter worth $200,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STX has been the subject of several recent research reports. Rosenblatt Securities increased their price objective on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Citigroup upped their target price on Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. China Renaissance raised their price target on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. TD Cowen lifted their price target on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Argus boosted their price target on Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $447.35.

Insider Activity

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the transaction, the executive vice president owned 257 shares in the company, valued at $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the executive vice president directly owned 3,092 shares in the company, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 89,051 shares of company stock valued at $34,430,409. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 6.1%

Seagate Technology stock opened at $374.33 on Tuesday. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The company’s fifty day moving average price is $370.05 and its two-hundred day moving average price is $286.06. 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 company has a market capitalization of $81.63 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 0.78 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts forecast 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 announced 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. This represents a $2.96 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is 33.48%.

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.