Yousif Capital Management LLC Reduces Holdings in Seagate Technology Holdings PLC $STX

Yousif Capital Management LLC lowered its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.1% during the second quarter, HoldingsChannel reports. The firm owned 26,412 shares of the data storage provider’s stock after selling 836 shares during the period. Yousif Capital Management LLC’s holdings in Seagate Technology were worth $3,812,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STX. Salvus Wealth Management LLC boosted its holdings in 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 purchasing an additional 68 shares during the period. Moody National Bank Trust Division boosted its holdings in 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 purchasing an additional 89 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of Seagate Technology by 28.1% during the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock valued at $60,000 after acquiring an additional 92 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Seagate Technology by 30.2% during the second quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock valued at $66,000 after acquiring an additional 106 shares during the period. Finally, Old Port Advisors boosted its holdings in shares of Seagate Technology by 0.3% during the second quarter. Old Port Advisors now owns 35,658 shares of the data storage provider’s stock valued at $5,147,000 after acquiring an additional 123 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 3.7%

STX stock opened at $219.38 on Thursday. The company has a market capitalization of $46.72 billion, a P/E ratio of 32.40, a PEG ratio of 0.95 and a beta of 1.63. The company 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 fifty-two week low of $63.19 and a fifty-two week high of $264.83.

Seagate Technology (NASDAQ:STX) last posted 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 business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

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

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the sale, the director directly owned 352 shares in the company, valued at approximately $52,976. The trade was a 87.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the completion of the sale, the chief executive officer owned 485,668 shares in the company, valued at approximately $121,368,433.20. This trade represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,620 shares of company stock valued at $14,464,056 in the last quarter. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

STX has been the subject of several analyst reports. UBS Group boosted their price target on shares of Seagate Technology from $85.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Mizuho boosted their price target on shares of Seagate Technology from $160.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Cantor Fitzgerald boosted their price target on shares of Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. Finally, Rosenblatt Securities boosted their price target on shares of Seagate Technology from $200.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 29th. 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $214.89.

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.