Williamson Legacy Group LLC Has $3.22 Million Position in Seagate Technology Holdings PLC $STX

Williamson Legacy Group LLC raised its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 54.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,702 shares of the data storage provider’s stock after purchasing an additional 4,105 shares during the quarter. Seagate Technology makes up about 2.5% of Williamson Legacy Group LLC’s portfolio, making the stock its 5th biggest holding. Williamson Legacy Group LLC’s holdings in Seagate Technology were worth $3,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Integrity Alliance LLC. bought a new position in Seagate Technology in the fourth quarter valued at approximately $5,878,000. Allstate Corp grew its stake in Seagate Technology by 104.6% in the fourth quarter. Allstate Corp now owns 16,109 shares of the data storage provider’s stock valued at $4,436,000 after purchasing an additional 8,237 shares in the last quarter. Fisher Asset Management LLC grew its stake in Seagate Technology by 14.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,410 shares of the data storage provider’s stock valued at $388,000 after purchasing an additional 183 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in Seagate Technology by 7.1% in the fourth quarter. CYBER HORNET ETFs LLC now owns 559 shares of the data storage provider’s stock valued at $154,000 after purchasing an additional 37 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in Seagate Technology by 1.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,127 shares of the data storage provider’s stock valued at $586,000 after purchasing an additional 34 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. TD Cowen raised their price target on Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Susquehanna lifted their target price on Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Bank of America lifted their target price on Seagate Technology from $840.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on Seagate Technology from $525.00 to $775.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Citigroup lifted their target price on Seagate Technology from $595.00 to $740.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $736.21.

Seagate Technology Stock Performance

STX opened at $845.76 on Wednesday. The business has a fifty day simple moving average of $583.93 and a 200 day simple moving average of $420.46. The company has a market capitalization of $189.64 billion, a PE ratio of 80.24 and a beta of 1.98. Seagate Technology Holdings PLC has a 1 year low of $113.20 and a 1 year high of $862.65. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.59. The business had revenue of $3.11 billion during 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 firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s payout ratio is 28.08%.

Insiders Place Their Bets

In related news, CFO Gianluca Romano sold 1,902 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $770.00, for a total value of $1,464,540.00. Following the completion of the sale, the chief financial officer directly owned 40,945 shares in the company, valued at $31,527,650. The trade was a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the sale, the chief executive officer owned 339,591 shares of the company’s stock, valued at $255,131,322.39. This trade represents a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 142,437 shares of company stock worth $86,093,575 over the last three months. 0.79% of the stock is currently owned by corporate insiders.

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.