Seagate Technology Holdings PLC $STX Shares Bought by Vest Financial LLC

Vest Financial LLC grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,409 shares of the data storage provider’s stock after purchasing an additional 297 shares during the quarter. Vest Financial LLC’s holdings in Seagate Technology were worth $1,069,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Seagate Technology by 12.9% during the 1st quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock worth $1,607,321,000 after buying an additional 2,161,191 shares during the period. Wellington Management Group LLP raised its holdings in Seagate Technology by 3,339.4% during the 1st quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock worth $79,343,000 after buying an additional 906,840 shares during the period. Vanguard Group Inc. raised its holdings in Seagate Technology by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after buying an additional 769,009 shares during the period. Valley Wealth Managers Inc. acquired a new stake in Seagate Technology during the 1st quarter worth about $17,546,000. Finally, Nuveen LLC acquired a new stake in Seagate Technology during the 1st quarter worth about $17,058,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of several recent analyst reports. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Sanford C. Bernstein assumed coverage on Seagate Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $250.00 target price on the stock. Cantor Fitzgerald lifted their target price on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Wells Fargo & Company lifted their target price on Seagate Technology from $160.00 to $240.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Seagate Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $214.89.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $219.38 on Thursday. The stock has a market cap of $46.72 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 0.95 and a beta of 1.63. The business has a 50 day simple moving average of $195.03 and a 200 day simple moving average of $143.09. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83.

Seagate Technology (NASDAQ:STX) last announced 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. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

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

Insiders Place Their Bets

In related news, Director Jay L. Geldmacher sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the sale, the director owned 352 shares of the company’s stock, valued at approximately $52,976. The trade was a 87.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Christopher Morris sold 377 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 13,238 shares of the company’s stock, valued at approximately $2,796,659.88. The trade was a 2.77% 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 worth $14,464,056 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

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.