Greenland Capital Management LP Has $8.66 Million Stock Position in Seagate Technology Holdings PLC $STX

Greenland Capital Management LP cut its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,996 shares of the data storage provider’s stock after selling 3,077 shares during the quarter. Seagate Technology accounts for 0.9% of Greenland Capital Management LP’s portfolio, making the stock its 23rd largest position. Greenland Capital Management LP’s holdings in Seagate Technology were worth $8,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of STX. Harbor Asset Planning Inc. acquired a new stake in shares of Seagate Technology during the second quarter worth approximately $27,000. MTM Investment Management LLC purchased a new stake in Seagate Technology in the 2nd quarter worth approximately $29,000. Zions Bancorporation National Association UT acquired a new stake in shares of Seagate Technology during the 1st quarter valued at $42,000. GoalVest Advisory LLC grew its holdings in shares of Seagate Technology by 30.6% during the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 75 shares in the last quarter. Finally, Costello Asset Management INC purchased a new position in shares of Seagate Technology during the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $253.86 on Wednesday. The stock’s 50 day simple moving average is $236.72 and its 200 day simple moving average is $174.04. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $297.88. The company has a market capitalization of $54.21 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.96 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio (DPR) is presently 38.00%.

Insider Buying and Selling at Seagate Technology

In related news, EVP John Christopher Morris sold 15,347 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $195.80, for a total value of $3,004,942.60. Following the completion of the transaction, the executive vice president directly owned 9,843 shares of the company’s stock, valued at $1,927,259.40. This trade represents a 60.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gianluca Romano sold 54,021 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the completion of the sale, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 131,261 shares of company stock valued at $34,210,708 in the last three months. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

STX has been the subject of several recent research reports. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Bank of America raised their price target on Seagate Technology from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. UBS Group reduced their price target on Seagate Technology from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Cantor Fitzgerald increased their price objective on Seagate Technology from $280.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Robert W. Baird raised their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $281.36.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.