Kingsview Wealth Management LLC Has $798,000 Stock Position in Seagate Technology Holdings PLC $STX

Kingsview Wealth Management LLC boosted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 58.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,897 shares of the data storage provider’s stock after buying an additional 1,064 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Seagate Technology were worth $798,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of STX. WCM Investment Management LLC bought a new position in Seagate Technology in the 3rd quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership raised its holdings in Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock valued at $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares during the period. Soroban Capital Partners LP lifted its holdings in shares of Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after acquiring an additional 1,327,197 shares during the period. Finally, Trivest Advisors Ltd bought a new position in Seagate Technology during the third quarter worth about $170,435,000. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In related news, CFO Gianluca Romano sold 1,902 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $770.00, for a total value of $1,464,540.00. Following the transaction, the chief financial officer owned 40,945 shares in the company, valued at approximately $31,527,650. This represents a 4.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the transaction, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. The trade was a 68.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 122,437 shares of company stock worth $78,398,375 in the last quarter. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Trading Up 4.7%

Shares of Seagate Technology stock opened at $921.26 on Tuesday. The stock has a market cap of $206.57 billion, a P/E ratio of 87.41 and a beta of 1.98. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The business’s 50 day moving average is $621.76 and its 200-day moving average is $437.45. Seagate Technology Holdings PLC has a 12-month low of $116.78 and a 12-month high of $940.79.

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

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Analysts Set New Price Targets

STX has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. Citigroup upped their price objective on Seagate Technology from $595.00 to $740.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Argus raised their target price on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Sanford C. Bernstein raised their price target on Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $754.96.

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.