Advisors Preferred LLC Acquires Shares of 3,163 Seagate Technology Holdings PLC $STX

Advisors Preferred LLC acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,163 shares of the data storage provider's stock, valued at approximately $2,594,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its stake in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Seagate Technology in the 2nd quarter valued at about $262,000. Cerity Partners LLC raised its holdings in Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock valued at $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. lifted its position in Seagate Technology by 64.8% during the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock worth $1,233,000 after acquiring an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Seagate Technology by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock worth $18,458,000 after acquiring an additional 462 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Trading Up 2.1%

Shares of NASDAQ:STX opened at $850.24 on Friday. The business's 50 day simple moving average is $894.85 and its 200 day simple moving average is $680.42. Seagate Technology Holdings PLC has a 1 year low of $153.03 and a 1 year high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The company has a market capitalization of $192.71 billion, a P/E ratio of 61.26 and a beta of 2.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company's quarterly revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 34.42 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology's payout ratio is presently 21.33%.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 168 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $817.76, for a total transaction of $137,383.68. Following the completion of the sale, the executive vice president directly owned 11,920 shares in the company, valued at $9,747,699.20. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 7,361 shares of Seagate Technology stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $920.80, for a total value of $6,778,008.80. Following the completion of the transaction, the executive vice president owned 2,931 shares in the company, valued at approximately $2,698,864.80. The trade was a 71.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 133,650 shares of company stock worth $116,077,574 in the last 90 days. Corporate insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

STX has been the topic of several research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Susquehanna lifted their price target on Seagate Technology from $775.00 to $875.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. China Renaissance boosted their price target on Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Wedbush upped their price objective on Seagate Technology from $825.00 to $1,000.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Finally, Mizuho lifted their target price on Seagate Technology from $875.00 to $1,090.00 and gave the stock an "outperform" rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $986.00.

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.

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