Stratos Wealth Partners LTD. raised its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 34.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,646 shares of the data storage provider’s stock after purchasing an additional 1,440 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Seagate Technology were worth $1,555,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in STX. National Pension Service grew its position in shares of Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after buying an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $1,864,000. Keystone Investors PTE Ltd. grew its position in shares of Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after buying an additional 18,000 shares during the period. Estate Counselors LLC acquired a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $2,557,000. Finally, Vision Financial Markets LLC grew its position in shares of Seagate Technology by 341.7% during the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock worth $1,251,000 after buying an additional 4,100 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.
Seagate Technology Stock Performance
NASDAQ STX opened at $496.30 on Thursday. The company has a fifty day simple moving average of $409.24 and a 200 day simple moving average of $319.96. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $517.18. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The company has a market cap of $108.23 billion, a P/E ratio of 56.14, a PEG ratio of 0.95 and a beta of 1.61.
Seagate Technology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were given a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.6%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.
Key Seagate Technology News
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Morgan Stanley projects strong demand for storage drives through 2028, reinforcing a multi‑year tailwind for Seagate’s HDD business and supporting higher sales forecasts. Seagate stock draws investor attention as Morgan Stanley sees strong storage drive demand through 2028
- Positive Sentiment: JPMorgan initiated coverage with a Buy and a $525 target, citing upside potential — another blue‑chip vote of confidence that likely helped push the stock to fresh highs. Is Seagate Technology (STX) an Unstoppable Technology Stock To Buy Now?
- Positive Sentiment: Seagate reported a sizable earnings beat with EPS $3.11 and revenue above estimates, alongside margin gains and stronger guidance — evidence of improving operating leverage that supports valuations. Seagate (STX) Is Up 25.1% After Big Earnings Beat And Margin Gains Has The Bull Case Changed?
- Positive Sentiment: The stock hit a new 1‑year high following analyst upgrades, signaling momentum and renewed investor interest. Seagate Technology (NASDAQ:STX) Reaches New 1-Year High Following Analyst Upgrade
- Neutral Sentiment: Research outlets (Zacks, Yahoo) highlight Seagate’s strong earnings‑surprise history and view the company as likely to beat again — useful context but not a fresh catalyst on its own. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
- Negative Sentiment: TCW reported exiting its Seagate position in Q4 — a reminder that some institutional holders are rotating away, which could add selling pressure if others follow. TCW Exited Seagate Technology Holdings PL (STX) in Q4
- Negative Sentiment: Pre‑market notes flagged softness in AI/data‑center “parts” — a potential near‑term headwind if demand from cloud/AI customers cools. SNDK, WDC and STX Forecasts – AI Data Center “Parts” Looking Soft Premarket
Insiders Place Their Bets
In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the transaction, the chief executive officer directly owned 355,591 shares in the company, valued at approximately $149,607,801.43. This trade represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director owned 223 shares in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,635 shares of company stock worth $47,133,843 in the last quarter. Insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
STX has been the subject of several recent analyst reports. Benchmark raised 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. Zacks Research downgraded shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Citigroup raised their price objective on shares of Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Seagate Technology in a research report on Wednesday, February 4th. Finally, Mizuho raised their price objective on shares of Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $469.75.
Read Our Latest Stock Analysis on Seagate Technology
Seagate Technology 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.
Further Reading
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