Putney Financial Group LLC Trims Position in Seagate Technology Holdings PLC $STX

Putney Financial Group LLC trimmed its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 750 shares of the data storage provider’s stock after selling 250 shares during the quarter. Putney Financial Group LLC’s holdings in Seagate Technology were worth $108,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new stake in Seagate Technology during the 2nd quarter worth approximately $27,000. Wayfinding Financial LLC purchased a new position in shares of Seagate Technology during the 1st quarter valued at $31,000. Golden State Wealth Management LLC increased its holdings in shares of Seagate Technology by 2,200.0% in the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock worth $39,000 after purchasing an additional 440 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Seagate Technology in the first quarter worth $42,000. Finally, GoalVest Advisory LLC boosted its stake in Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after buying an additional 75 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Ban Seng Teh sold 3,732 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $193.30, for a total transaction of $721,395.60. Following the completion of the sale, the executive vice president directly owned 4,172 shares in the company, valued at approximately $806,447.60. This represents a 47.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director owned 352 shares in the company, valued at approximately $52,976. This represents a 87.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 45,090 shares of company stock valued at $9,759,648. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Up 1.0%

Seagate Technology stock opened at $268.33 on Friday. The firm has a fifty day simple moving average of $211.84 and a two-hundred day simple moving average of $155.61. The company has a market capitalization of $57.15 billion, a PE ratio of 34.45, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $274.48.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a $0.74 dividend. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.1%. Seagate Technology’s dividend payout ratio is presently 36.97%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a research note on Wednesday, October 8th. Citigroup upped their price objective on shares of Seagate Technology from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America lifted their target price on shares of Seagate Technology from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday. Fox Advisors boosted their price target on shares of Seagate Technology from $245.00 to $270.00 in a research note on Wednesday. Finally, Robert W. Baird raised their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.24.

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.