Seagate Technology Holdings PLC $STX Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,682 shares of the data storage provider’s stock after acquiring an additional 462 shares during the period. New York Life Investment Management LLC’s holdings in Seagate Technology were worth $4,573,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Salvus Wealth Management LLC raised its holdings in Seagate Technology by 2.0% in the 2nd quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after acquiring an additional 68 shares during the last quarter. GoalVest Advisory LLC raised its holdings in Seagate Technology by 30.6% in the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 75 shares during the last quarter. Angeles Wealth Management LLC raised its holdings in Seagate Technology by 2.2% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock valued at $503,000 after acquiring an additional 76 shares during the last quarter. Bessemer Group Inc. raised its holdings in Seagate Technology by 3.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock valued at $361,000 after acquiring an additional 81 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Seagate Technology by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock valued at $668,000 after acquiring an additional 89 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 1,410 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $225.56, for a total value of $318,039.60. Following the completion of the sale, the executive vice president directly owned 18,041 shares in the company, valued at approximately $4,069,327.96. This represents a 7.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total value 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 approximately $121,368,433.20. This represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,090 shares of company stock valued at $9,759,648 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group cut their price target on Seagate Technology from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley upped their price objective on Seagate Technology from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Benchmark upped their price objective on Seagate Technology from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wedbush upped their price objective on Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday. One research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.24.

Seagate Technology Trading Up 1.0%

Shares of NASDAQ STX opened at $268.33 on Friday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $274.48. The company has a market cap of $57.15 billion, a P/E ratio of 34.45, a P/E/G ratio of 1.17 and a beta of 1.63. The stock has a fifty day moving average price of $211.84 and a 200 day moving average price of $155.61.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) 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 period in the prior year, the firm earned $1.58 EPS. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. On average, sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

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

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.