North Dallas Bank & Trust Co. Makes New $235,000 Investment in Seagate Technology Holdings PLC $STX

North Dallas Bank & Trust Co. acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 853 shares of the data storage provider’s stock, valued at approximately $235,000.

Several other hedge funds have also recently bought and sold shares of the stock. Focus Partners Advisor Solutions LLC raised its stake in Seagate Technology by 212.5% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,284 shares of the data storage provider’s stock worth $905,000 after acquiring an additional 2,233 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in Seagate Technology during the fourth quarter worth $64,000. Cerity Partners LLC raised its stake in Seagate Technology by 18.0% during the fourth quarter. Cerity Partners LLC now owns 54,912 shares of the data storage provider’s stock worth $15,122,000 after acquiring an additional 8,370 shares in the last quarter. West Family Investments Inc. raised its stake in Seagate Technology by 17.1% during the fourth quarter. West Family Investments Inc. now owns 1,672 shares of the data storage provider’s stock worth $460,000 after acquiring an additional 244 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in Seagate Technology by 21.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 106,872 shares of the data storage provider’s stock worth $29,431,000 after acquiring an additional 18,745 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology News Summary

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Bank of America raised its price target on Seagate Technology to $1,000 from $900, signaling continued upside potential and reinforcing a constructive view on the shares.
• Positive Sentiment: Mizuho also boosted its target on Seagate to $1,090 from $875 and kept an outperform rating, citing favorable demand trends tied to data centers and AI-driven memory/storage demand.
• Positive Sentiment: Citi remained bullish on Seagate Technology, adding to the recent wave of favorable analyst sentiment around the company.
• Positive Sentiment: Recent coverage on AI demand suggests tightening supply across storage names, which supports the investment case for Seagate and other memory/storage suppliers.
• Neutral Sentiment: Short interest data showed no reported short interest as of June 9, so this update does not appear to be a meaningful stock catalyst.
• Negative Sentiment: Shares fell along with other semiconductor stocks after a geopolitical incident in the Strait of Hormuz weakened the broader risk backdrop and weighed on the sector.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on STX shares. Sanford C. Bernstein increased their price objective on Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald increased their price objective on Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Evercore increased their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Finally, Wells Fargo & Company increased their target price on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $792.46.

Insider Transactions at Seagate Technology

In related news, EVP John Christopher Morris sold 5,626 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the transaction, the executive vice president owned 11,954 shares in the company, valued at $8,826,474.98. This trade represents a 32.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction dated 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 owned 3,691 shares in the company, valued at approximately $3,016,580.48. This represents a 68.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 155,187 shares of company stock worth $108,267,701 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Seagate Technology Price Performance

Shares of STX stock opened at $846.01 on Wednesday. The stock’s fifty day moving average is $680.78 and its 200-day moving average is $464.11. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The stock has a market capitalization of $189.70 billion, a PE ratio of 80.27 and a beta of 2.04. Seagate Technology Holdings PLC has a 52 week low of $124.63 and a 52 week high of $966.80.

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

Seagate Technology Announces Dividend

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 issued 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 dividend payout ratio (DPR) is currently 28.08%.

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.