NorthRock Partners LLC Acquires 205 Shares of Seagate Technology Holdings PLC $STX

NorthRock Partners LLC increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,706 shares of the data storage provider’s stock after acquiring an additional 205 shares during the quarter. NorthRock Partners LLC’s holdings in Seagate Technology were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Salvus Wealth Management LLC grew its stake in shares of Seagate Technology by 2.0% in the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after acquiring an additional 68 shares during the period. Moody National Bank Trust Division grew its stake in shares of Seagate Technology by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock worth $668,000 after acquiring an additional 89 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of 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 during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Seagate Technology by 30.2% in the second quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock worth $66,000 after buying an additional 106 shares during the last quarter. Finally, Old Port Advisors boosted its holdings in shares of Seagate Technology by 0.3% in the second quarter. Old Port Advisors now owns 35,658 shares of the data storage provider’s stock worth $5,147,000 after buying an additional 123 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John Christopher Morris sold 377 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $211.26, for a total value of $79,645.02. Following the sale, the executive vice president owned 13,238 shares in the company, valued at approximately $2,796,659.88. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ban Seng Teh sold 1,410 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $225.56, for a total transaction of $318,039.60. Following the completion of the sale, the executive vice president owned 18,041 shares in the company, valued at $4,069,327.96. This represents a 7.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,620 shares of company stock valued at $14,464,056 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Robert W. Baird raised their price objective 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. TD Cowen raised their price objective on shares of Seagate Technology from $135.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Barclays raised their price objective on shares of Seagate Technology from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Finally, Sanford C. Bernstein began coverage on shares of Seagate Technology in a report on Tuesday, September 16th. They set an “outperform” rating and a $250.00 price target on the stock. One equities research 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $214.89.

Seagate Technology Price Performance

Seagate Technology stock opened at $219.38 on Thursday. The stock has a market cap of $46.72 billion, a P/E ratio of 32.40, a PEG 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 firm’s 50 day moving average price is $195.03 and its 200-day moving average price is $143.09.

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. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

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

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.