Elevated Capital Advisors LLC Decreases Stake in Seagate Technology Holdings PLC $STX

Elevated Capital Advisors LLC cut its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,691 shares of the data storage provider’s stock after selling 1,158 shares during the period. Elevated Capital Advisors LLC’s holdings in Seagate Technology were worth $2,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Rakuten Securities Inc. raised its holdings in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth raised its stake in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares during the last quarter. First Horizon Corp purchased a new position in Seagate Technology in the 3rd quarter worth $33,000. Finally, Raiffeisen Bank International AG acquired a new stake in Seagate Technology during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 24,584 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the completion of the transaction, the chief executive officer owned 375,591 shares in the company, valued at approximately $152,779,151.07. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total value of $8,932,046.55. Following the transaction, the executive vice president owned 3,092 shares in the company, valued at $1,367,560.68. This represents a 86.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 112,223 shares of company stock valued at $46,711,217 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Up 3.0%

Shares of STX stock opened at $547.75 on Friday. Seagate Technology Holdings PLC has a twelve month low of $72.62 and a twelve month high of $553.57. The stock has a market cap of $119.45 billion, a P/E ratio of 61.96, a P/E/G ratio of 1.15 and a beta of 1.61. The stock has a 50 day moving average of $422.54 and a 200 day moving average of $334.41. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. Seagate Technology’s payout ratio is presently 33.48%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. BNP Paribas Exane upped their target price on Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Evercore increased their price target on shares of Seagate Technology from $450.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Loop Capital lifted their price objective on shares of Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Rosenblatt Securities upped their price objective on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $494.13.

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.