Generali Asset Management SPA SGR Sells 948 Shares of Seagate Technology Holdings PLC $STX

Generali Asset Management SPA SGR lessened its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,567 shares of the data storage provider’s stock after selling 948 shares during the period. Generali Asset Management SPA SGR’s holdings in Seagate Technology were worth $3,546,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Seagate Technology in the 1st quarter valued at $31,000. Golden State Wealth Management LLC grew its position in 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 valued at $39,000 after acquiring an additional 440 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Seagate Technology in the 1st quarter valued at $42,000. Costello Asset Management INC bought a new position in Seagate Technology in the 1st quarter valued at $47,000. Finally, Trust Co. of Toledo NA OH bought a new position in Seagate Technology in the 2nd quarter valued at $57,000. Institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group upped their price objective on Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Bank of America increased their price target on Seagate Technology from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. UBS Group increased their price target on Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Cantor Fitzgerald increased their price target on Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Finally, Rosenblatt Securities increased their price target on Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $214.89.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $219.38 on Thursday. The stock has a market capitalization of $46.72 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $264.83. The business has a fifty day moving average price of $195.03 and a 200 day moving average price of $143.09.

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 analysts’ consensus estimates of $2.45 by $0.14. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The firm’s quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.3%. Seagate Technology’s payout ratio is presently 42.54%.

Insider Transactions at Seagate Technology

In related news, EVP John Christopher Morris sold 15,347 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the completion of the transaction, the executive vice president directly owned 9,843 shares of the company’s stock, valued at $1,927,259.40. This trade represents a 60.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Ci Lee sold 3,509 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the transaction, the insider directly owned 1,288 shares of the company’s stock, valued at $199,305.12. The trade was a 73.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,620 shares of company stock worth $14,464,056 over the last ninety days. 0.79% of the stock is currently owned by insiders.

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.