Spire Wealth Management Has $242,000 Stock Holdings in Seagate Technology Holdings PLC $STX

Spire Wealth Management trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 33.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,677 shares of the data storage provider’s stock after selling 847 shares during the quarter. Spire Wealth Management’s holdings in Seagate Technology were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Seagate Technology by 2.7% during the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock valued at $2,441,729,000 after purchasing an additional 769,009 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Seagate Technology by 12.9% during the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after purchasing an additional 2,161,191 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Seagate Technology by 3.6% during the first quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock valued at $243,077,000 after purchasing an additional 99,884 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Seagate Technology by 0.8% during the first quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock valued at $138,378,000 after purchasing an additional 12,424 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Seagate Technology by 4.5% during the first quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock valued at $100,365,000 after purchasing an additional 50,699 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was 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 of the company’s stock, valued at $121,368,433.20. The trade was a 3.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jay L. Geldmacher sold 1,250 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $269.10, for a total value of $336,375.00. Following the completion of the sale, the director directly owned 1,148 shares of the company’s stock, valued at $308,926.80. The trade was a 52.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,418 shares of company stock worth $12,022,230 over the last three months. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of several recent research reports. Argus lifted their target price on Seagate Technology from $170.00 to $300.00 in a report on Thursday, October 30th. Citigroup lifted their target price on Seagate Technology from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Sanford C. Bernstein set a $275.00 target price on Seagate Technology and gave the stock an “outperform” rating in a report on Wednesday, October 29th. 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 report on Wednesday, October 29th. Finally, Wedbush lifted their target price on Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $263.18.

Seagate Technology Stock Performance

Shares of STX stock opened at $265.55 on Tuesday. The company has a market cap of $56.55 billion, a P/E ratio of 34.09, a PEG ratio of 1.17 and a beta of 1.63. The stock has a 50 day simple moving average of $215.81 and a two-hundred day simple moving average of $159.41. 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 issued its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the company posted $1.58 EPS. The firm’s 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, 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 announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is presently 36.97%.

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.