Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CEO William Mosley sold 24,584 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the sale, the chief executive officer directly owned 375,591 shares in the company, valued at $152,779,151.07. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Seagate Technology Stock Down 1.8%
STX stock opened at $404.02 on Tuesday. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The firm's fifty day moving average is $391.00 and its 200 day moving average is $302.34. The firm has a market cap of $88.10 billion, a PE ratio of 45.70, a P/E/G ratio of 0.91 and a beta of 1.61.
Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data 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. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. The company's revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.
Seagate Technology Announces Dividend
The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology's dividend payout ratio is presently 33.48%.
Hedge Funds Weigh In On Seagate Technology
Several hedge funds and other institutional investors have recently made changes to their positions in STX. Integrated Wealth Concepts LLC boosted its stake in shares of Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after acquiring an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Seagate Technology in the 2nd quarter valued at $262,000. Kingsview Wealth Management LLC acquired a new position in Seagate Technology in the 2nd quarter valued at $278,000. Rockefeller Capital Management L.P. lifted its holdings in Seagate Technology by 8.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 21,254 shares of the data storage provider's stock valued at $3,068,000 after purchasing an additional 1,714 shares in the last quarter. Finally, Prudential PLC purchased a new position in Seagate Technology in the 2nd quarter valued at $755,000. Hedge funds and other institutional investors own 92.87% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently commented on STX shares. BNP Paribas Exane boosted their price objective on Seagate Technology from $430.00 to $530.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Wedbush increased their target price on Seagate Technology from $290.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, January 23rd. Morgan Stanley lifted their price target on shares of Seagate Technology from $337.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, January 22nd. Wells Fargo & Company boosted their price target on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 28th. Finally, Susquehanna upgraded shares of Seagate Technology from a "negative" rating to a "neutral" rating and upped their price objective for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average price target of $447.35.
Check Out Our Latest Stock Analysis on STX
About Seagate Technology
(
Get Free Report)
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.
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