Bank OZK Has $1.82 Million Holdings in Seagate Technology Holdings PLC $STX

Bank OZK cut its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 34.0% during the second quarter, HoldingsChannel.com reports. The firm owned 1,886 shares of the data storage provider’s stock after selling 971 shares during the period. Bank OZK’s holdings in Seagate Technology were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of STX. Rakuten Securities Inc. lifted its holdings in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares during the period. Retirement Wealth Solutions LLC increased its stake in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 15 shares during the period. Quarry LP acquired a new position in Seagate Technology in the fourth quarter worth about $31,000. Finally, WealthCollab LLC raised its position in Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ban Teh sold 9,862 shares of Seagate Technology stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $852.97, for a total value of $8,411,990.14. Following the completion of the transaction, the executive vice president directly owned 5,210 shares of the company’s stock, valued at $4,443,973.70. The trade was a 65.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 14,091 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the transaction, the chief financial officer owned 21,543 shares in the company, valued at approximately $17,476,758.75. This trade represents a 39.54% 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 sold a total of 191,765 shares of company stock worth $161,865,249 in the last three months. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the topic of a number of recent research reports. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Loop Capital increased their target price on Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Morgan Stanley raised their target price on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,300.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology Price Performance

Shares of NASDAQ STX traded up $55.10 during mid-day trading on Tuesday, hitting $904.38. 5,181,693 shares of the stock were exchanged, compared to its average volume of 4,353,087. Seagate Technology Holdings PLC has a twelve month low of $188.00 and a twelve month high of $1,145.00. The stock’s fifty day simple moving average is $849.54 and its two-hundred day simple moving average is $714.80. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The company has a market cap of $204.97 billion, a P/E ratio of 65.16 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.Seagate Technology’s revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s payout ratio is currently 21.33%.

Seagate Technology Company 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.