MSH Capital Advisors LLC Has $2 Million Stock Position in Seagate Technology Holdings PLC $STX

MSH Capital Advisors LLC decreased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 17.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,245 shares of the data storage provider’s stock after selling 1,486 shares during the quarter. MSH Capital Advisors LLC’s holdings in Seagate Technology were worth $1,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of STX. Integrated Wealth Concepts LLC boosted its position in shares of Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology in the 2nd quarter valued at $262,000. Cerity Partners LLC boosted its position in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after purchasing an additional 7,517 shares during the period. Sei Investments Co. boosted its position in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after purchasing an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after purchasing an additional 462 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of STX stock opened at $812.73 on Tuesday. The stock’s 50 day simple moving average is $574.69 and its 200 day simple moving average is $416.45. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology Holdings PLC has a twelve month low of $108.28 and a twelve month high of $841.31. The company has a market capitalization of $182.24 billion, a price-to-earnings ratio of 77.11 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Analyst Ratings Changes

STX has been the subject of a number of recent analyst reports. Loop Capital increased their price target on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Bank of America raised their price objective on Seagate Technology from $700.00 to $840.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Citigroup raised their price objective on Seagate Technology from $595.00 to $740.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, UBS Group raised their price objective on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $733.71.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 30,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the sale, the chief executive officer owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. This trade represents a 8.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephanie Tilenius sold 1,580 shares of Seagate Technology stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total value of $1,211,243.80. Following the sale, the director directly owned 10,664 shares in the company, valued at $8,175,129.04. The trade was a 12.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 142,437 shares of company stock worth $86,093,575 in the last three months. Company insiders own 0.79% of the company’s stock.

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.