Fox Run Management L.L.C. Makes New $2.08 Million Investment in Seagate Technology Holdings PLC $STX

Fox Run Management L.L.C. bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,396 shares of the data storage provider’s stock, valued at approximately $2,078,000. Seagate Technology makes up about 0.3% of Fox Run Management L.L.C.’s holdings, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new position in shares of Seagate Technology in the second quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in Seagate Technology in the 1st quarter worth approximately $42,000. GoalVest Advisory LLC boosted 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 purchasing an additional 75 shares during the period. Costello Asset Management INC purchased a new position in shares of Seagate Technology during the 1st quarter valued at $47,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Seagate Technology during the 2nd quarter valued at $57,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Up 0.3%

NASDAQ STX opened at $279.35 on Friday. The company has a 50-day simple moving average of $224.04 and a two-hundred day simple moving average of $163.68. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $284.42. The firm has a market cap of $59.66 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a $0.74 dividend. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s dividend payout ratio (DPR) is 38.00%.

Analyst Upgrades and Downgrades

STX has been the topic of a number of recent analyst reports. Mizuho increased their price objective on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Rosenblatt Securities upped their target price on Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Argus lifted their price target on Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 30th. Sanford C. Bernstein boosted their price objective on Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Robert W. Baird raised 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, October 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $272.95.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total value of $1,620,000.00. Following the sale, the executive vice president owned 12,041 shares of the company’s stock, valued at $3,251,070. This trade represents a 33.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Christopher Morris sold 15,347 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the completion of the transaction, the executive vice president owned 9,843 shares in the company, valued at $1,927,259.40. The trade was a 60.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 78,964 shares of company stock valued at $19,067,455. 0.79% of the stock is currently owned by insiders.

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.