CHURCHILL MANAGEMENT Corp Grows Holdings in Seagate Technology Holdings PLC $STX

CHURCHILL MANAGEMENT Corp grew its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 0.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 182,383 shares of the data storage provider’s stock after acquiring an additional 135 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Seagate Technology were worth $26,323,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vicus Capital acquired a new position in shares of Seagate Technology in the second quarter valued at approximately $204,000. Community Bank & Trust Waco Texas increased its stake in shares of Seagate Technology by 2.2% during the second quarter. Community Bank & Trust Waco Texas now owns 9,546 shares of the data storage provider’s stock worth $1,378,000 after acquiring an additional 202 shares during the period. LBP AM SA raised its holdings in Seagate Technology by 1.6% during the second quarter. LBP AM SA now owns 110,139 shares of the data storage provider’s stock worth $15,896,000 after purchasing an additional 1,747 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in Seagate Technology in the second quarter valued at about $351,000. Finally, Cooper Financial Group boosted its holdings in Seagate Technology by 6.3% in the 2nd quarter. Cooper Financial Group now owns 4,894 shares of the data storage provider’s stock valued at $706,000 after purchasing an additional 292 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Trading Up 8.8%

Shares of STX opened at $256.84 on Thursday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $258.40. The stock has a market cap of $54.70 billion, a P/E ratio of 37.94, a PEG ratio of 1.06 and a beta of 1.63. The company has a 50-day moving average of $179.70 and a two-hundred day moving average of $133.40.

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

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 30th. Seagate Technology’s dividend payout ratio is currently 42.54%.

Analyst Upgrades and Downgrades

STX has been the subject of several recent analyst reports. Benchmark raised their price target on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Robert W. Baird raised their target price on Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Citigroup upped their price target on shares of Seagate Technology from $167.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Susquehanna raised their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company upped their target price on shares of Seagate Technology from $122.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $193.32.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 3,732 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $193.30, for a total value of $721,395.60. Following the transaction, the executive vice president directly owned 4,172 shares in the company, valued at approximately $806,447.60. This represents a 47.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $153.75, for a total transaction of $3,075,000.00. Following the transaction, the chief executive officer directly owned 478,912 shares in the company, valued at $73,632,720. The trade was a 4.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,935 shares of company stock valued at $9,396,416. 0.79% of the stock is owned by company insiders.

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.