Almanack Investment Partners LLC. Acquires Shares of 3,750 Seagate Technology Holdings PLC $STX

Almanack Investment Partners LLC. acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,750 shares of the data storage provider’s stock, valued at approximately $541,000.

Several other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its position in Seagate Technology by 153.6% during the second quarter. CWM LLC now owns 9,360 shares of the data storage provider’s stock valued at $1,351,000 after purchasing an additional 5,669 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Seagate Technology by 32.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 36,310 shares of the data storage provider’s stock valued at $5,241,000 after purchasing an additional 8,942 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Seagate Technology by 30.1% during the second quarter. Concurrent Investment Advisors LLC now owns 3,764 shares of the data storage provider’s stock worth $543,000 after buying an additional 870 shares in the last quarter. Cerro Pacific Wealth Advisors LLC increased its holdings in shares of Seagate Technology by 1.4% during the second quarter. Cerro Pacific Wealth Advisors LLC now owns 11,544 shares of the data storage provider’s stock worth $1,666,000 after buying an additional 161 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of Seagate Technology by 13.6% during the second quarter. Apollon Wealth Management LLC now owns 14,048 shares of the data storage provider’s stock worth $2,028,000 after buying an additional 1,678 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Down 3.3%

Shares of Seagate Technology stock opened at $214.38 on Monday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83. The stock has a market cap of $45.66 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 0.96 and a beta of 1.63. The company’s fifty day moving average is $191.09 and its 200 day moving average is $141.13.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion for 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%. Seagate Technology’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. Seagate Technology’s dividend payout ratio is 42.54%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on STX shares. Rosenblatt Securities upped their price target on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Robert W. Baird upped their price target on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. The Goldman Sachs Group upped their price target on shares of Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of Seagate Technology from $122.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Finally, Susquehanna upped their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a “negative” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.58.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of the company’s stock in a transaction 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 sale, the director owned 352 shares of the company’s stock, valued at approximately $52,976. This represents a 87.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James Ci Lee sold 1,116 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $153.36, for a total transaction of $171,149.76. Following the sale, the insider directly owned 257 shares in the company, valued at $39,413.52. This trade represents a 81.28% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,210 shares of company stock valued at $14,146,016. 0.79% of the stock is owned by corporate insiders.

Seagate Technology 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.