Seagate Technology Holdings PLC $STX Stock Position Raised by Private Trust Co. NA

Private Trust Co. NA lifted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 72.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,643 shares of the data storage provider’s stock after acquiring an additional 692 shares during the quarter. Private Trust Co. NA’s holdings in Seagate Technology were worth $237,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in STX. Harbor Asset Planning Inc. purchased a new stake in shares of Seagate Technology in the 2nd quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new position in Seagate Technology during the first quarter valued at approximately $31,000. Golden State Wealth Management LLC grew its position in Seagate Technology by 2,200.0% during the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 440 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Seagate Technology during the first quarter valued at approximately $42,000. Finally, Costello Asset Management INC purchased a new position in Seagate Technology during the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Down 4.9%

STX stock opened at $214.40 on Tuesday. The company has a market capitalization of $45.66 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $264.83. The firm has a 50 day moving average of $199.34 and a two-hundred day moving average of $146.99.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping 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 company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm 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. On average, research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Insiders Place Their Bets

In other 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 completion of the sale, the executive vice president directly 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 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 on 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 of the company’s stock, valued at $121,368,433.20. The trade was 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 three months. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of Seagate Technology from $160.00 to $240.00 and gave the company an “equal weight” rating in a research report on Monday, October 13th. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. UBS Group boosted their price objective on shares of Seagate Technology from $155.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Citigroup boosted their target price on shares of Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $233.40.

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.