Seagate Technology Holdings PLC $STX Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 25.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,258 shares of the data storage provider’s stock after selling 20,697 shares during the period. Keybank National Association OH’s holdings in Seagate Technology were worth $8,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in STX. Harbor Asset Planning Inc. acquired a new stake in shares of Seagate Technology during the second quarter worth $27,000. Wayfinding Financial LLC acquired a new position in Seagate Technology during the first quarter valued at $31,000. Zions Bancorporation National Association UT acquired a new position in Seagate Technology during the first quarter valued at $42,000. GoalVest Advisory LLC lifted its position 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 purchasing an additional 75 shares during the period. Finally, Costello Asset Management INC acquired a new position in Seagate Technology during the first quarter valued at $47,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were 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 approximately $121,368,433.20. This represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Christopher Morris sold 377 shares of the company’s stock in a transaction dated 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 approximately $2,796,659.88. This represents a 2.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,090 shares of company stock worth $9,759,648 over the last three months. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wedbush boosted their target price on shares of Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday. Fox Advisors boosted their target price on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday. Benchmark boosted their target price on shares of Seagate Technology from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird boosted their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a research report on Wednesday, October 8th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $263.18.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $255.88 on Friday. The firm has a 50-day simple moving average of $213.78 and a two-hundred day simple moving average of $156.88. The company has a market cap of $54.49 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $280.35.

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

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a dividend of $0.74 per share. This is an increase 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 1.2%. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s dividend payout ratio is presently 36.97%.

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.