Kornitzer Capital Management Inc. KS Makes New $447,000 Investment in Seagate Technology Holdings PLC $STX

Kornitzer Capital Management Inc. KS acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,100 shares of the data storage provider’s stock, valued at approximately $447,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Seagate Technology by 12.9% during the first 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 in the last quarter. Wellington Management Group LLP grew its holdings in shares of 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 purchasing an additional 906,840 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 769,009 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Seagate Technology in the second quarter worth $45,955,000. Finally, Valley Wealth Managers Inc. acquired a new position in Seagate Technology in the first quarter valued at about $17,546,000. 92.87% of the stock is owned by institutional investors.

Seagate Technology Stock Performance

Shares of STX opened at $234.12 on Monday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The stock has a market capitalization of $49.86 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 1.03 and a beta of 1.63. The stock has a fifty day moving average of $204.69 and a 200-day moving average of $151.29.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm 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. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 30th. Seagate Technology’s dividend payout ratio (DPR) is 42.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STX. Citigroup increased their price objective on shares of Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Robert W. Baird increased their price target on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Wells Fargo & Company lifted 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 note on Monday, October 13th. Evercore ISI boosted their price objective on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Finally, Mizuho raised their target price on Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.65.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, 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 transaction of $79,645.02. Following the sale, the executive vice president directly owned 13,238 shares of the company’s stock, valued at $2,796,659.88. The trade was a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 directly owned 485,668 shares in the company, valued at approximately $121,368,433.20. This represents a 3.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,620 shares of company stock worth $14,464,056 over the last quarter. Insiders own 0.79% of the company’s stock.

Seagate Technology 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.