Aureus Asset Management LLC Buys Shares of 553 Seagate Technology Holdings PLC $STX

Aureus Asset Management LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 553 shares of the data storage provider’s stock, valued at approximately $217,000.

A number of other hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after acquiring an additional 1,883,769 shares in the last quarter. Norges Bank acquired a new position in Seagate Technology in the fourth quarter valued at $498,363,000. Soroban Capital Partners LP grew its stake in Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after buying an additional 1,327,197 shares during the last quarter. Deutsche Bank AG grew its position in shares of Seagate Technology by 102.0% during the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock worth $440,614,000 after acquiring an additional 807,962 shares during the last quarter. Finally, National Pension Service increased its stake in Seagate Technology by 298.7% in the fourth quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock valued at $274,625,000 after purchasing an additional 747,102 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $913.36 on Friday. The company has a 50-day simple moving average of $892.03 and a 200-day simple moving average of $608.50. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The company has a market capitalization of $204.80 billion, a PE ratio of 86.66 and a beta of 2.04. Seagate Technology Holdings PLC has a 52-week low of $138.30 and a 52-week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the business earned $1.90 earnings per share. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s payout ratio is 28.08%.

Insider Transactions at Seagate Technology

In related news, CFO Gianluca Romano sold 903 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $794,811.57. Following the sale, the chief financial officer owned 42,860 shares in the company, valued at $37,724,943.40. This represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Christopher Morris sold 1,364 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $1,200,579.16. Following the completion of the transaction, the executive vice president directly owned 12,088 shares of the company’s stock, valued at $10,639,736.72. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

STX has been the subject of several analyst reports. BNP Paribas Exane upped their price objective on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their target price on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Mizuho increased their price target on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Bank of America lifted their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, UBS Group boosted their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $898.52.

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.