1,052 Seagate Technology Holdings PLC $STX Shares Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp boosted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 305.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,396 shares of the data storage provider’s stock after buying an additional 1,052 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Seagate Technology were worth $1,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC grew its holdings in Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares during the period. Bridgewater Advisors Inc. raised its position in shares of Seagate Technology by 0.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock worth $579,000 after acquiring an additional 13 shares in the last quarter. Baker Tilly Wealth Management LLC raised its position in shares of Seagate Technology by 4.6% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider’s stock worth $295,000 after acquiring an additional 14 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 15 shares in the last quarter. Finally, One River Asset Management LLC lifted its stake in shares of Seagate Technology by 50.0% in the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Down 1.2%

Shares of NASDAQ:STX opened at $545.14 on Friday. The business’s 50 day simple moving average is $746.01 and its two-hundred day simple moving average is $697.37. The firm has a market cap of $125.14 billion, a P/E ratio of 28.09 and a beta of 2.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.25 and a current ratio of 1.82. Seagate Technology Holdings PLC has a 52-week low of $228.61 and a 52-week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating the consensus estimate of $7.44 by $0.24. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The company’s quarterly revenue was up 61.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.61 earnings per share. As a group, research analysts forecast that Seagate Technology Holdings PLC will post 37.96 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 23rd. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. Seagate Technology’s payout ratio is 15.55%.

Insiders Place Their Bets

In other Seagate Technology news, EVP James Lee sold 547 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $642.14, for a total transaction of $351,250.58. Following the completion of the sale, the executive vice president owned 1,037 shares in the company, valued at approximately $665,899.18. The trade was a 34.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 6,720 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $622.82, for a total transaction of $4,185,350.40. Following the transaction, the chief executive officer owned 346,108 shares in the company, valued at approximately $215,562,984.56. The trade was a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 439,747 shares of company stock worth $349,271,735 in the last quarter. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company cut their target price on Seagate Technology from $865.00 to $820.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Barclays raised their target price on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. UBS Group reissued a “buy” rating on shares of Seagate Technology in a research note on Monday, November 2nd. Finally, Morgan Stanley cut their price target on Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,000.88.

Latest Seagate Technology News

Here’s some of the latest news about STX:

• Positive Sentiment: Seagate launched the FireCuda Forge, a product combining SSD speed with HDD capacity, broadening its portfolio as demand for high-capacity storage grows. Seagate Expands Storage Portfolio With FireCuda Forge Launch
• Positive Sentiment: A Morgan Stanley analysis points to potential recovery upside, citing the gap between Seagate’s strong sales growth and its recent share-price decline. Morgan Stanley Sees Potential Rebound
• Negative Sentiment: The rally follows a sharp multi-month selloff, and investors remain divided on whether the AI-related bounce can last; its durability may depend on how data-center investment is financed. Storage Stocks Rebound as CoreWeave Revives AI Trade

About Seagate Technology

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.