Sivia Capital Partners LLC Invests $262,000 in Seagate Technology Holdings PLC $STX

Sivia Capital Partners LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,818 shares of the data storage provider’s stock, valued at approximately $262,000.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC raised its stake in Seagate Technology by 28.1% in the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock worth $60,000 after buying an additional 92 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Seagate Technology by 0.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,247 shares of the data storage provider’s stock worth $1,327,000 after buying an additional 134 shares in the last quarter. QRG Capital Management Inc. raised its stake in Seagate Technology by 1.2% in the first quarter. QRG Capital Management Inc. now owns 10,876 shares of the data storage provider’s stock worth $924,000 after buying an additional 134 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Seagate Technology by 0.4% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,449 shares of the data storage provider’s stock worth $3,436,000 after buying an additional 144 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in Seagate Technology by 5.9% in the first quarter. Blair William & Co. IL now owns 2,835 shares of the data storage provider’s stock worth $241,000 after buying an additional 157 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $153.75, for a total value of $3,075,000.00. Following the completion of the sale, the chief executive officer directly owned 478,912 shares of the company’s stock, valued at $73,632,720. The trade was a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ban Seng Teh sold 3,732 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $193.30, for a total transaction of $721,395.60. Following the completion of the sale, the executive vice president directly owned 4,172 shares of the company’s stock, valued at approximately $806,447.60. This trade represents a 47.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,935 shares of company stock worth $12,289,616 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $216.64 on Friday. The stock has a market cap of $46.14 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $219.53. The firm has a 50-day moving average of $165.21 and a two-hundred day moving average of $124.66.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

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

Seagate Technology Announces Dividend

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 given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology’s payout ratio is 42.54%.

Analyst Ratings Changes

STX has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Seagate Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $170.00 price target for the company. Wall Street Zen downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Citigroup raised their target price on shares of Seagate Technology from $167.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Rosenblatt Securities raised their target price on shares of Seagate Technology from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, UBS Group raised their target price on shares of Seagate Technology from $85.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.05.

About Seagate Technology

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.