Integrity Alliance LLC. Makes New Investment in Seagate Technology Holdings PLC $STX

Integrity Alliance LLC. bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 4th quarter, Holdings Channel.com reports. The firm bought 21,346 shares of the data storage provider’s stock, valued at approximately $5,878,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Seagate Technology by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock worth $6,642,796,000 after buying an additional 442,749 shares during the period. State Street Corp lifted its holdings in Seagate Technology by 3.1% during the 3rd quarter. State Street Corp now owns 9,276,278 shares of the data storage provider’s stock worth $2,196,420,000 after buying an additional 274,913 shares during the period. WCM Investment Management LLC acquired a new position in Seagate Technology during the 3rd quarter worth about $1,187,621,000. Arrowstreet Capital Limited Partnership lifted its holdings in Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after buying an additional 2,697,957 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after buying an additional 1,883,769 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Stephanie Tilenius sold 1,580 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total value of $1,211,243.80. Following the completion of the sale, the director directly owned 10,664 shares of the company’s stock, valued at $8,175,129.04. The trade was a 12.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the sale, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. 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 sold a total of 142,437 shares of company stock worth $86,093,575 over the last three months. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STX. Argus lifted their target price on Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays boosted their price objective on Seagate Technology from $625.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Susquehanna boosted their price objective on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Mizuho boosted their price objective on Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, UBS Group boosted their price objective on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $736.21.

Seagate Technology Stock Up 4.1%

Shares of NASDAQ:STX opened at $845.76 on Wednesday. The company has a market capitalization of $189.64 billion, a price-to-earnings ratio of 80.24 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The business’s 50-day moving average is $583.93 and its 200-day moving average is $420.46. Seagate Technology Holdings PLC has a 1 year low of $113.20 and a 1 year high of $862.65.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the business earned $1.90 EPS. The firm’s revenue 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 year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 28.08%.

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.