Seagate Technology Holdings PLC $STX Holdings Lowered by Talos Eurisko Asset Management LP

Key Points

• Talos Eurisko trimmed its Seagate stake by 28.5%, selling 44,700 shares in Q3 to hold 112,400 shares (about $26.53 million), making STX its ninth-largest position.
• Analysts have pushed up price targets and ratings—several firms raised targets (as high as $650) and the consensus is a "Moderate Buy" with a $447.35 target price.
• Seagate beat expectations and declared a dividend, reporting $3.11 EPS vs. $2.77 expected and $2.83B revenue (+21.5% YoY), setting Q3 guidance of $3.20–$3.60 EPS and announcing a $0.74 quarterly dividend.

Talos Eurisko Asset Management LP decreased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 28.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,400 shares of the data storage provider's stock after selling 44,700 shares during the period. Seagate Technology makes up about 5.1% of Talos Eurisko Asset Management LP's holdings, making the stock its 9th biggest holding. Talos Eurisko Asset Management LP owned approximately 0.05% of Seagate Technology worth $26,533,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. National Pension Service boosted its stake in shares of Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock valued at $59,044,000 after purchasing an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new stake in Seagate Technology during the 3rd quarter valued at $1,864,000. Central Asset Investments & Management Holdings HK Ltd boosted its position in Seagate Technology by 185.8% during the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider's stock valued at $2,704,000 after buying an additional 12,178 shares during the period. Estate Counselors LLC purchased a new stake in Seagate Technology during the 3rd quarter valued at $2,557,000. Finally, Vision Financial Markets LLC grew its holdings in Seagate Technology by 341.7% in the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider's stock worth $1,251,000 after acquiring an additional 4,100 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Analyst Ratings Changes

STX has been the subject of several recent analyst reports. BNP Paribas Exane upped their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Bank of America increased their price objective on Seagate Technology from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. TD Cowen boosted their target price on Seagate Technology from $340.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Cantor Fitzgerald raised their price target on Seagate Technology from $500.00 to $650.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $310.00 to $385.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $447.35.

Seagate Technology Price Performance

STX opened at $375.01 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The company has a market cap of $81.78 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61. The stock has a fifty day simple moving average of $365.21 and a two-hundred day simple moving average of $280.81. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84.

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

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology's dividend payout ratio (DPR) is presently 33.48%.

Insider Transactions at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director owned 223 shares of the company's stock, valued at $99,908.46. The trade was a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 89,051 shares of company stock worth $34,430,409. Company insiders own 0.79% of the company's stock.

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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