Focus Partners Advisor Solutions LLC Takes $368,000 Position in Seagate Technology Holdings PLC $STX

Focus Partners Advisor Solutions LLC purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,553 shares of the data storage provider’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Salvus Wealth Management LLC grew its position 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 valued at $493,000 after purchasing an additional 68 shares during the last quarter. Angeles Wealth Management LLC grew its position in shares of Seagate Technology by 2.2% in the second quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock valued at $503,000 after purchasing an additional 76 shares during the last quarter. Moody National Bank Trust Division grew its position 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 valued at $668,000 after purchasing an additional 89 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in 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 worth $60,000 after buying an additional 92 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in 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 worth $66,000 after buying an additional 106 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Seagate Technology news, EVP John Christopher Morris sold 15,347 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the sale, the executive vice president owned 9,843 shares of the company’s stock, valued at $1,927,259.40. This represents a 60.92% decrease in their position. 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 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 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 is available in the SEC filing. Insiders sold 45,090 shares of company stock valued at $9,759,648 over the last quarter. 0.79% of the stock is owned by insiders.

Seagate Technology Price Performance

Shares of STX opened at $268.33 on Friday. The company has a market capitalization of $57.15 billion, a P/E ratio of 34.45, a PEG ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $274.48. The business’s 50 day simple moving average is $211.84 and its 200-day simple moving average is $155.61.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.40 by $0.21. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.Seagate Technology’s revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 24th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio (DPR) is presently 36.97%.

Analyst Ratings Changes

A number of research firms recently weighed in on STX. Sanford C. Bernstein set a $275.00 target price on Seagate Technology and gave the stock an “outperform” rating in a research report on Wednesday. Bank of America lifted their target price on Seagate Technology from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. Fox Advisors increased their price objective on shares of Seagate Technology from $245.00 to $270.00 in a research note on Wednesday. TD Cowen increased their price objective on shares of Seagate Technology from $175.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird lifted their price objective on Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $255.24.

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.