Ethos Financial Group LLC Buys New Shares in Seagate Technology Holdings PLC $STX

Ethos Financial Group LLC purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,470 shares of the data storage provider’s stock, valued at approximately $793,000.

Several other hedge funds have also recently made changes to their positions in STX. JPMorgan Chase & Co. boosted its position in shares of Seagate Technology by 12.9% during the 1st 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. Wellington Management Group LLP lifted its stake in Seagate Technology by 3,339.4% in the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock valued at $79,343,000 after buying an additional 906,840 shares during the period. Vanguard Group Inc. lifted its stake in Seagate Technology by 2.7% in 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 buying an additional 769,009 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Seagate Technology during the 2nd quarter worth approximately $45,955,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Seagate Technology during the 1st quarter worth approximately $17,546,000. 92.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other news, EVP John Christopher Morris sold 15,347 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the completion of the sale, the executive vice president owned 9,843 shares in the company, valued at $1,927,259.40. This represents a 60.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the transaction, the director owned 12,244 shares in the company, valued at approximately $3,261,924.04. This trade represents a 14.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 78,964 shares of company stock worth $19,067,455. 0.79% of the stock is currently owned by insiders.

Seagate Technology Price Performance

STX opened at $278.47 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $284.42. The firm has a market capitalization of $59.47 billion, a PE ratio of 35.75, a P/E/G ratio of 1.17 and a beta of 1.63. The company’s 50-day moving average is $221.80 and its 200 day moving average is $162.25.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data 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 firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current 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 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 an increase from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s payout ratio is currently 38.00%.

Analyst Upgrades and Downgrades

STX has been the topic of a number of research reports. Argus boosted their target price on shares of Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 30th. Robert W. Baird upped their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Rosenblatt Securities raised their target price on Seagate Technology from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wedbush boosted their target price on Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Fox Advisors increased their price target on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.64.

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.