Monument Capital Management Takes $318,000 Position in Seagate Technology Holdings PLC $STX

Monument Capital Management acquired a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,156 shares of the data storage provider’s stock, valued at approximately $318,000.

A number of other hedge funds also recently bought and sold shares of the stock. Rakuten Securities Inc. boosted its position in Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in Seagate Technology during the fourth quarter valued at about $28,000. Avion Wealth grew its stake in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. First Horizon Corp bought a new position in Seagate Technology in the third quarter worth about $33,000. Finally, Raiffeisen Bank International AG bought a new position in Seagate Technology in the third quarter worth about $33,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent analyst reports. BNP Paribas Exane raised their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Citigroup increased their target price on shares of Seagate Technology from $480.00 to $595.00 and gave the company a “buy” rating in a research report on Monday. Bank of America lifted their price target on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Susquehanna upped their price target on Seagate Technology from $420.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Finally, Robert W. Baird increased their price objective on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $491.00.

Insider Activity

In related news, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the transaction, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. The trade was a 86.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director directly owned 223 shares in the company, valued at $99,908.46. This represents a 80.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 112,223 shares of company stock valued at $46,711,217 over the last quarter. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 2.6%

Seagate Technology stock opened at $519.60 on Thursday. The business’s 50-day simple moving average is $417.64 and its two-hundred day simple moving average is $330.11. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company has a market cap of $113.31 billion, a PE ratio of 58.78, a PEG ratio of 1.16 and a beta of 1.61. Seagate Technology Holdings PLC has a fifty-two week low of $71.29 and a fifty-two week high of $534.23.

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

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

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.