Credit Agricole S A Buys 4,925 Shares of Seagate Technology Holdings PLC $STX

Credit Agricole S A raised its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 67,338 shares of the data storage provider’s stock after acquiring an additional 4,925 shares during the period. Credit Agricole S A’s holdings in Seagate Technology were worth $5,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. bought a new position in Seagate Technology during the 4th quarter valued at about $26,000. Elequin Capital LP bought a new position in shares of Seagate Technology in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Seagate Technology in the 4th quarter worth approximately $27,000. Wayfinding Financial LLC bought a new position in shares of Seagate Technology in the 1st quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Seagate Technology by 2,200.0% in the 1st quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock worth $39,000 after purchasing an additional 440 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Up 3.0%

Seagate Technology stock opened at $159.21 on Friday. The firm has a 50 day moving average of $147.68 and a 200 day moving average of $113.34. The firm has a market capitalization of $33.86 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 0.95 and a beta of 1.50. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $160.57.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 22nd that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the data storage provider to repurchase up to 21.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology’s dividend payout ratio (DPR) is 42.54%.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the completion of the sale, the director directly owned 352 shares of the company’s stock, valued at $52,976. This trade represents a 87.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ban Seng Teh sold 1,724 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $151.61, for a total transaction of $261,375.64. Following the sale, the executive vice president directly owned 6,147 shares of the company’s stock, valued at approximately $931,946.67. This trade represents a 21.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 343,414 shares of company stock valued at $43,661,770. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STX shares. Wedbush reiterated an “outperform” rating and issued a $140.00 price objective on shares of Seagate Technology in a research note on Wednesday, May 21st. Susquehanna increased their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a “negative” rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. The Goldman Sachs Group started coverage on shares of Seagate Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $170.00 price objective on the stock. Finally, Bank of America increased their price objective on shares of Seagate Technology from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.44.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.