Seagate Technology Holdings PLC $STX Stock Position Reduced by Arkadios Wealth Advisors

Arkadios Wealth Advisors cut its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 15.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,308 shares of the data storage provider’s stock after selling 2,085 shares during the period. Arkadios Wealth Advisors’ holdings in Seagate Technology were worth $1,632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new position in Seagate Technology during the second quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new position in Seagate Technology during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT purchased a new position in Seagate Technology during the first quarter valued at approximately $42,000. GoalVest Advisory LLC grew 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 in the last quarter. Finally, Costello Asset Management INC purchased a new position in Seagate Technology during the first quarter valued at approximately $47,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on STX shares. 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. Sanford C. Bernstein set a $275.00 target price on shares of Seagate Technology and gave the company an “outperform” rating in a research note on Wednesday. Argus lifted their target price on shares of Seagate Technology from $170.00 to $300.00 in a research note on Thursday. 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 note on Wednesday. Finally, Robert W. Baird lifted their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $263.18.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of the business’s 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 directly owned 485,668 shares in the company, valued at approximately $121,368,433.20. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Christopher Morris sold 377 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 13,238 shares of the company’s stock, valued at approximately $2,796,659.88. The trade was a 2.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,090 shares of company stock valued at $9,759,648 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Trading Down 4.6%

Shares of Seagate Technology stock opened at $255.88 on Friday. The firm has a fifty day simple moving average of $213.78 and a 200-day simple moving average of $156.88. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $280.35. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the company earned $1.58 earnings per share. Seagate Technology’s revenue for the quarter 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, research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid 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 1.2%. Seagate Technology’s dividend payout ratio is presently 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.